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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,799,000
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
Multi residential development opportunity located on the corner of Church and St. Patrick Street, a prime corner in downtown Stratford with 11 private parking spots. This property is only a few steps from downtown restaurants, shopping, parks and theatres. The building currently has 3 spacious, well designed 2 bed, 2 bath layouts. Unit sizes range from (1,386, 1,495 & 1,555 sq ft) All units nearly completed. Buyer to finish units to their standards. Additional building is approved for 3 more units to the south adjacent lands to make use of the applicable zoning. Current design features balcony on the 2nd and 3rd floors overlooking Stratford. A shared elevator access for current building and future addition is part of the design concept. Property suitable for condominium conversion. (id:39198)
Location
Province
Ontario
City
Stratford
Address
74 Church Street
Postal Code
N5A2R2
Location Highlights
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Listed by
Royal LePage Hiller Realty Brokerage 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
4,500
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
$1,799,000
Asking Price
$1,799,000
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)
4,500
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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