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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$900,000
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
N/A
Premise Summary
**Charming Legal Duplex in Strathcona Park – A Prime Investment or Home!** Discover a fully legal duplex in the sought-after neighbourhood of Strathcona Park. Offering a unique blend of comfort and convenience, this property is an ideal choice for investors or those seeking a home with additional income potential. **Property Features:** - **Type:** Legal Duplex. - **Location:** Heart of Strathcona Park, central and accessible. - **Units:** Upper Unit with 3 bedrooms, 1 bath; Lower Unit with 2 bedrooms, 1 bath. Each unit is separately metered. **Updates & Amenities:** - **2018 Upgrades:** New furnace, central air, and hot water tank. - **Flooring:** Carpet-free with laminate on the main floor and luxury vinyl in the basement. - **Roof:** New in 2024, ensuring durability. **Location Benefits:** Close to schools, shopping, bus routes, and more, the duplex promises a lifestyle of ease and convenience. **Investment Opportunity:** With its recent updates, separate metering, and excellent location, this duplex is ready for immediate occupancy or rental, presenting a flexible investment opportunity. **Don’t Miss Out:** Rarely does a property offer such a blend of updates, location, and versatility. Contact us to explore this exceptional Strathcona Park duplex and seize the opportunity for a smart investment or a distinguished home. (id:39198)
Location
Province
Ontario
City
Kingston
Address
9 Elizabeth Street
Postal Code
K7M3G9
Location Highlights
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Listed by
RE/MAX Finest Realty 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
1,933
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
N/A
Financial Information
Yearly Rate
$900,000
Asking Price
$900,000
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.
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
1,933
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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