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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,199,000
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
LEGAL two family residential !!!In the heart of Milverton, within the short drive to KITCHENER/Stratford/Listowell, just hop and jump from Lake Huron is located this executive style home. This stunning property is not just a beautiful family home; it's incredibly versatile and holds a wonderful secret making it suitable for a wide range of ventures. As you step into the expansive foyer, your gaze is drawn to the breathtaking living room, gas fireplace and large windows, allowing natural light to flood the space and sets the stage for special memories to be made.The heart of this home is the bright truly a chef's dream kitchen that offers breathtaking views of the backyard oasis. Kitchen offers abundance of cabinetry, quartz countertops, good quality appliance, two drawer dishwasher, convenient breakfast bar island and an inviting kitchenette area, providing easy access to the backyard entertainment space featuring patios, an in-ground salt pool and stunning landscaping, fully fenced backyard. For a retreat, look no further than the primary suite with walk out to glamorous, private and fully fenced backyard also featuring walk-in closet and 4-piece en-suite with a glass shower. The convenient main floor laundry is easily accessible from the garage and kitchen, two additional good size bedrooms, and another 4pc bath.The fully finished, walk-up basement is an entertainer’s delight with its own kitchen, 4 pc bath, in-floor heating, extra bedrooms/offices. Oversized, in-floor heated triple car garage, huge concrete six car driveway. You will Discover the essence of luxury living here. PLUS the big secret is, you can, if you choose to -LEGALLY rent the basement -luxurious self contained 2 bedroom unit for extra income or use it as Granny suite if you wish to help your family in time of need. The best of both worlds .. What are you waiting for .... call your agent and make a appointment to view it today. (id:39198)
Location
Province
Ontario
City
Milverton
Address
77 Reagan Street
Postal Code
N0K1M0
Location Highlights
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Listed by
RE/MAX a-b Realty Ltd (Stfd) 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
3,606
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
$1,199,000
Asking Price
$1,199,000
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)
3,606
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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