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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,000
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
HANDSOME BRICK HOME with INLAW SUITE ABOVE DOUBLE DETACHED GARAGE.. This spacious 4+1 Bedroom + 2.5 bathroom home combines the character & charm of days gone by with many saught after modern features including 3 beautiful bathrooms, a walk-in closet within the primary bedroom, built-in appliances in the kitchen & so much storage space throughout. Offset your expenses with the rental income brought in by the tenanted inlaw suite located above the 2012 double detached garage. Last but not least is the gigantic fenced-in backyard with multiple decks, above ground swimming pool, a small green house. 100 ft x 120 ft lot. All this and conveniently located a short walk to many schools and amenities. (id:39198)
Location
Province
Ontario
City
Kirkland Lake
Address
66 Second St E
Postal Code
P2N1R7
Location Highlights
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Listed by
SHERRY PANAGAPKA REAL ESTATE LTD. 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
2,798
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
$499,000
Asking Price
$499,000
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)
2,798
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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