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Benefits
Asking Price
$969,000
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
***70k GROSS, $55k NET, 5.7 CAP*** Don't miss this great investment opportunity to own a MULTI UNIT in the heart of Britannia; this duplex (w/ additional legal secondary dwelling) unit is near the conservation area, close to Britannia beach, transit LRT, shopping, an abundance of amenities and is minutes from the 417! 3 Hydro Meters, 2 Hot Water Tanks, coin operated laundry (MORE INCOME!). Property offers two 3 bedroom units ($2100 plus utilities and $2250 including utilities, and a 1 bedroom unit rented at $1400/month including utilities. Both 3 bedroom units offer identical floor plans, feature spacious living rooms, kitchen w/ eat-in area, 3 generous sized bedrooms & 3pc bath as well as hardwood flooring throughout & access to backyard. The lower level 1 bedroom unit offers a spacious living/dining space, kitchen & full bath. There is also a small storage space in basement available to tenants. A location and a property not to be missed! (id:39198)
Location
Province
Ontario
City
Ottawa
Address
910 Watson Street
Postal Code
K2B6B9
Location Highlights
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Listed by
EXP REALTY 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
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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
$969,000
Asking Price
$969,000
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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