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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,900,000
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
FULL DUPLEX IN THE PRIME BURNABY LAKE AREA. Situated on 9,360 SF this close to 3,100 SF duplex harbors 2 additional suites. Multifaceted investment asset with potential for redevelopment, renovations, rental revenue streams, and for live-rent. Backing onto Lakeview Elementary and Pre School where kids can simply walk to and from home. A myriad of upgrades have been implemented over the years to enhance the longevity of the property. Including new drain tiles, floors, fascia flashing, and more. A rare opportunity for investors, developers, and someone that is looking to live in a home while generating massive cashflow at the same time. CALL ME FOR DETAILS TODAY. (id:39198)
Location
Province
British Columbia
City
Burnaby
Address
6630-6632 Canada Way
Postal Code
V5E3P7
Location Highlights
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Listed by
FaithWilson Christies International Real Estate British Columbia 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
3,114
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
$1,900,000
Asking Price
$1,900,000
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)
3,114
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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