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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,288,000
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
Side by Side Duplex on an extra large 9,240 SF Lot in beautiful Upper Deer Lake. Recently, Stanley Street was re-paved as well as new sidewalks and street lighting installed. Enjoy your privacy with a pristine and quiet park as your neighbor nestled along one side of the duplex, as well as in the back. This is a great revenue property with great tenants, who would love to stay. As new Provincial legislation comes into effect later this summer, (July), the proposed allowance should allow between a minimum of 4-6 units to be built where existing duplexes currently exist, (depending on lot size). Pls make your own inquiries with the City of Burnaby regarding redevelopment potential that is coming in July. (id:39198)
Location
Province
British Columbia
City
Burnaby
Address
6660 - 6662 Stanley Street
Postal Code
V5E1T8
Location Highlights
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Listed by
Sutton Centre Realty 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
4,647
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
$3,288,000
Asking Price
$3,288,000
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)
4,647
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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