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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,650,000
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
Welcome to 77 Lancaster St. W., a remarkable 7-plex in the heart of Kitchener that seamlessly blends modern living with investment potential. This well-maintained property boasts a prime location, offering easy access to schools, parks, shopping, and major transportation routes. Featuring a mix of five one-bedroom units and two studio apartments. Notably, five of the seven units have undergone extensive renovations, presenting an immediate income opportunity for discerning investors. The turnkey nature of the property, coupled with ample on-site parking and outdoor spaces such as balconies and patios, ensures a hassle-free living experience for residents and an attractive proposition for those seeking a sound real estate investment. Mark your calendar for the open house at 77 Lancaster St. W., where you can witness firsthand the charm and potential this property has to offer. Whether you're looking long term tenants or short term Airbnb opportunity this property is a sound investment, definitely a must-see. Contact us today to schedule your private viewing and explore the possibilities that await. (id:39198)
Location
Province
Ontario
City
Kitchener
Address
77 Lancaster Street W
Postal Code
N2H4T3
Location Highlights
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Listed by
Davenport Realty Brokerage (Branch) 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
4,963
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
N/A
Financial Information
Yearly Rate
$1,650,000
Asking Price
$1,650,000
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)
4,963
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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