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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$550,000
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
Here is your chance to get into the market. Legal 2.5 storey brick duplex in Orillia's West ward. Close to all amentias. Brand new windows on main floor. Main floor unit is vacant and Upper unit is tenanted. Great for those wanting help paying the mortgage. Potential to add another unit or garden suite. Lots of charm and character. Both units are two bedrooms. Main floor unit features 2 entrances (front and back). Upper unit features large open balcony off kitchen & large spacious rooms. Furnace, roof & electrical approximately 10 yrs. old. Fenced back yard with shrubs and mature trees. Quiet, long-term tenants, on month to month basis occupy the 2nd floor unit. 2 hydro meters and updated hydro panel. Newer shed. Basement used for landlord storage and the main floor unit has access to it for laundry. Two driveways and fenced back yard complete the picture. Expenses available from listing agent. Note Some pics are modified/staged to show potential . 24 hrs notice is required to see occupied unit. (id:39198)
Location
Province
Ontario
City
Orillia
Address
87 Mckenzie Street
Postal Code
L3V6H7
Location Highlights
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Listed by
Simcoe Hills Real Estate Inc. 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
1,500
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
$550,000
Asking Price
$550,000
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)
1,500
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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