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Apartment Building For Sale at 68 ROSEVIEW Avenue in Cambridge, Ontario

4 Sale ID #172218
Updated 01 May 2024

Asking Price

$1,499,000

Cap Rate help 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

Student housing called the Grand House with good income and excellent investment potential. Residence Of 13 Bedrooms, 4 Bathrooms ( 2 on each floor ), Large Kitchen/Dining/ Lounge W/ Great View Of The Grand River & The Galt Core Area. Highly-Visible And Eco-Friendly 3-Storey Building Is A Unique Blend Of Spacious Living And Style. Purpose-Built As 'The Grand House' and for Students Of The University Of Waterloo School Of Architecture. Seller motivated & will consider a VTB mortgage. See attached supplements for info. (id:39198)

  • MLS® : #40500020
  • Date Listed : 18 Oct 2023

Location

Province

Ontario

City

Cambridge

Address

68 Roseview Avenue

Postal Code

N1R4A7

Location Highlights

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Listed by

RE/MAX Aboutowne Realty Corp., Brokerage Ontario listing

Category

apartment-buildings

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

4,600

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,499,000

Asking Price

$1,499,000

Cap Rate help 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.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

4,600

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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