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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
A RARE FIND! Excellent opportunity to own a TRIPLEX in the heart of the city, on a nice street. Calling all investors with 3 large units, good income and great tenants. Each unit features excellent space & layout, high ceilings, hardwood floors throughout. Bright & spacious, low maintenance. Each unit has its own balcony. Unit 1-(3 bdrm $$2,100/mo) large living room & dining room 9ft ceilings, unit 2-(3 bdrm $2,200) bright and open w 2 balconies. Unit 3-(2bdrm +den $1,800/mo). Where else can you own 3 doors with no condo fees for under $400,000 ea. Easy to rent. Well maintained property all brick 3 storey, 4 balconies + front porch. 4 car parking at the rear. 4 meters 40' X 109' large lot. All units in good shape. Unit 3 recently renovated. Roof 2018, new carpets on stairs. Front painted 2022. Great location walking distance to downtown, canal, shopping. Transit & queensway nearby. Some photos are virtually staged. Don't miss this one! (id:39198)
Location
Province
Ontario
City
Ottawa
Address
88 James Street
Postal Code
K1R5M3
Location Highlights
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Listed by
INNOVATION REALTY LTD. 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
0
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)
0
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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