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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,049,000
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
685 Frederick St is one of the very few ADU (additional dwelling unit in the back yard) in Kitchener and Waterloo area. If you are a big family trying to live closer and also need some some space in between , 685 Frederick St is the one for you. If you are an investor looking for POSITIVE CASH FLOW, 685 Frederick St is the one for you. 685 Frederick St includes a total living space over 3000 sqft. The front unit is an amazing bungalow with 2 bedrooms+ 1 living room in the main level and 2 bedrooms + 1 family room in the basement. The basement in the front unit can be easily converted to a legal basement due to its huge space on both main and lower level and existing separated entrance. The new built 2 bedroom 818 sqft additional dwelling unit in its backyard is perfect for either in-laws or extra incomes. Existing duplex (+potentially legal basement unit) with 2-3 rental incomes within ONE purchase, 685 Frederick St can roughly generate $6000-7000 dollars rental income. For a big family or multi unit use, parking is the KEY. 685 Frederick St includes 1 garage parking and 5 drive way parkings. Super close to Highway 85, Schools, Webber park, Frederick Mall, Shantz Park and Stanley Park Conservation Area. With all that being said, 685 Frederick St is one of the most unique multi residential property in KW area. (id:39198)
Location
Province
Ontario
City
Kitchener
Address
685 Frederick Street
Postal Code
N2B2B3
Location Highlights
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Listed by
HOMELIFE LANDMARK REALTY INC 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
3,125
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
$1,049,000
Asking Price
$1,049,000
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)
3,125
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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