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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,349,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Attention investors! 65 Ottawa Street is an opportunity you will not want to miss. With the exception of the foundation & foot print of the previous business, this 8 unit apartment complex is completely brand new. Built NEW from the ground up, this complex offers 3 - lower level 2 bedroom units, 3 - upper level 2 bedroom units, a front (west) facing 1 bedroom short term rental space or a commercial rental, & a separate (back) 2 bedroom house, w/an attached garage & the most spectacular back yard. Live in this & be an on-site superintendent over your property! An enormous covered carport provides the tenants this great feature for up to 2 parking spots. Every unit (except front) has in-suite laundry & is extremely spacious. Spray foam insulation throughout, makes it energy efficient, reducing the heating costs for tenants (sep. meters). Construction is just finishing, and it is almost completely tenanted. The property is .8 acres in size IN TOWN! Close access to 401 for easy commutes. (id:39198)
Location
Province
Ontario
City
Morrisburg
Address
65 Ottawa Street
Postal Code
K0C1X0
Location Highlights
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Listed by
ROYAL LEPAGE PROALLIANCE REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
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Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$2,349,000
Asking Price
$2,349,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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