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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$775,000
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
Welcome to this stunning two-year-old duplex nestled in the prestigious West River subdivision in Cornwall, PEI. Offering 1288 square feet of living space on each side, this home comes with an attached garage and features two units with 3 bedrooms and 2 bathrooms, including an ensuite bathroom off the master bedroom. With an 8-year home warranty and warranties on appliances and heat pumps, your investment is well-protected. Situated in a fantastic family-friendly community, residents enjoy easy access to Cornwall's walking trails and amenities, while also benefiting from a quick 5-minute commute to the city of Charlottetown. Both units are currently tenanted bringing in great rental income. (id:39198)
Location
Province
Prince Edward Island
City
Cornwall
Address
66/68 Mill Pond Lane
Postal Code
C0A1H0
Location Highlights
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Listed by
RED- ISLE REALTY INC. Prince Edward Island 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
0
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
$775,000
Asking Price
$775,000
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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