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
$259,900
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
Welcome to Barton house, extensively renovated just over 11 years ago, this grand Victorian era home is currently divided into 4 units (1 ? One bedroom, 2 ? 2 bedroom, & 1 ? 3 bedroom) ? all units include fridge, stoves, washers & dryers ? tenants pay utilities (other than one house meter for common area lighting and well pump). The history of this home includes a large family home, a hotel (see the 1800's log book in the Admiral Digby Hotel) and various formats of apartments / room rentals. In the past two years the dug well has been replaced with a drilled well, as well as the septic system has been completely redone with one that meets current day standards (since it is on a well & septic ? no water bills). The heating system has been replaced with all electric baseboard heating (separate meters for each unit). Extensive electrical upgrades were made back in 2012. The current zoning allows for many uses (buyer to verify) ? Could make a great owner-occupied Bed & Breakfast, Air B&B, writers retreat, convert back to a large family home / home plus income or leave as a fully occupied turnkey 4 ? plex. Some other key points about this property are the large grounds, with a huge grass common area around the property that leads back to a rock wall, apple trees and a trail to a large hill that over looks the Saint Mary's Bay (which can also be viewed from the upper units). The location is close to the town of Digby (which features all amenities, such as Walmart, Superstore, Canadian Tire, Digby Pines Golf Course, medical centre and of course many small shops and restaurants in the picturesque downtown area). The property & area must be seen to be appreciated, just a short 2 hr 20 min drive from Halifax. Note: property is being sold AS IS Where IS, Sellers have not lived in the property so cannot fill out a PCDS. That being said back in 2012 the renovations included (but not limited to) All new vinyl window inserts, exterior doors replaced, (id:39198)
Location
Province
Nova Scotia
City
Barton
Address
8219 Highway 101
Postal Code
B0W1H0
Location Highlights
N/A
Listed by
RE/MAX Banner Real Estate Nova Scotia 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
0
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
$259,900
Asking Price
$259,900
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)
0
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.
