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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,500,000
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
5 residential condos for sale in a package. This package includes Unit 218 (pictures in the listing). This package includes another condo exactly the same being finished. Unit 107 is ready to be rented. Unit 213 and Unit 212 are rented. Renovate for upside in values and sell off each condo for profit. Many building updates include new roof, new windows, new sliding doors. Heating is electric meters and paid by tenant and that's the only utility bill. Condo fee is low in the building. Why Port Colborne? You are on Lake Erie which is on the Port of Call for Top Great Lake Cruise Lines, minutes from Wineries and Tourist District of Niagara Falls. This building is 5 minutes from Tim Hortons and new Vale YMCA Recreation centre with ice rink, swimming pool, and gym. Walk to downtown for trendy restaurants and grocery. (id:39198)
Location
Province
Ontario
City
Port Colborne
Address
72 Main St E
Postal Code
L3K5Z8
Location Highlights
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Listed by
CENTURY 21 PEOPLE'S CHOICE 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
3,800
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
$1,500,000
Asking Price
$1,500,000
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)
3,800
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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