Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,900
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
LOOK NO FURTHER, You have landed on a great investment Property located only 2.2 kms to the centre of The University of Western Ontario and a mintue drive. This terrific location is surrounded by 100’s of amenities incl restaurants, personal service stores, medical offices & Cherryhill Village Mall is a 6 min bus ride. This 5 bedroom & 2 bath Brick Bungalow is set upon a 115 ft x 50 ft fully landscaped lot with single detached garage & 3 private parking spaces. Once inside you will appreciate how well maintained this home has been. The upper layout includes the Open Concept living, dining rooms & kitchen. Two bedrooms and 4 piece bath on the main level. The lower-level features 3 bedrooms, huge, shared laundry room and a 3 piece bath. The previous owners updated the following; Onyx Black shingles installed in 2016, soffits and fascia New furnace 2015, 22 insulation into the attic, Armour stone retaining wall, slate covered patio pavers, updated bathrooms, (vanities, tub, shower, toilets, fixtures, hardware & ventilation) 2 new exterior doors /sills. This property has been professionally leased by Exclusive Rentals from May1st/2024 until April 30th /2025 for $4125 per month PLUS utilities (heat, hydro, and water are the responsibility of the tenants ) Call directly for the leases & any other details. . Possession is flexible. (id:39198)
Location
Province
Ontario
City
London
Address
8 Gower Street
Postal Code
N6H2E6
Location Highlights
N/A
Listed by
ROYAL LEPAGE TRILAND REALTY Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
740
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$749,900
Asking Price
$749,900
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.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
740
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
