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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,399,900
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
14.81 ACRES WITH DEVELOPMENT POTENTIAL WITH 2 SEPARATE HOMES, 30X40 FT HEATED WORKSHOP + 60X60 FT 30 CAR PARKING LOT + 2 DRIVEWAYS! The property features 11 acres farmed soybean fields- This is the most suitable soil for growing any crop . Offering agricultural income and agricultural taxbenefits. There are two individual residences with separate septic systems, separate water sources, separate hydro and separate heat. All equipment is owned. There are no rentals. Firstly, the 1100 Sq ft 2 Bedroom Raised Bungalow built in 2022 features an incredible wraparound raised deck, modern open concept floor plan with quality finishes including hardwood floors, metal roof, and an on-demand hot water heater, new septic system, and dug well. The raised bungalow also features, a spacious 30x40 heated workshop with garage door access - perfect for a mechanic, woodworker or hobbiest. The second residence, a 3 a bedroom 1300 sq ft 2-storey farmhouse loaded with character and charm currently rented month-to-month, features a stone fireplace, and an full basement. The two-story home also features new septic tank and separate 1200 gallon cistern. All electrical, heating, and plumbing has been updated over the past year. This property features so much incredible potential With various income streams. (id:39198)
Location
Province
Ontario
City
Welland
Address
797 Forks Road
Postal Code
L0S1V0
Location Highlights
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Listed by
RE/MAX NIAGARA REALTY LTD, 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
2,400
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
$1,399,900
Asking Price
$1,399,900
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)
2,400
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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