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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$789,900
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
Welcome to your next investment opportunity to own in sought after West End Midland This newer purpose built legal duplex has so much potential. Live in one and rent out the other or perfect for a large family home or multi-generational living. This meticulously maintained property offers spacious living in a prime location boasting a total of 2160 square feet with 3 bedrooms up and 2 down (easily changed to 3). Featuring recent upgrades of fresh paint and new flooring. A spacious split entry with shared laundry gives access to the upper and lower living. Large egress windows provide bright natural light. There is plenty of parking, 3 decks and a large garden shed for your storage. Surrounded by mature trees ensuring privacy while being close to schools, parks, and steps to downtown and waterfront for shopping, restaurants and the Georgian Bay lifestyle. Separate meters. Seize the opportunity on this turn-key home which is ready for you to set your own rents. CALL: to find out about this property which has future potential to add a 3 unit and/or a triple garage. (id:39198)
Location
Province
Ontario
City
Midland
Address
687 Montreal St
Postal Code
L4R1G5
Location Highlights
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Listed by
Royal LePage In Touch Realty, Brokerage (Hwy 93) 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
2,160
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
$789,900
Asking Price
$789,900
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)
2,160
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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