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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$500,000
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
Legal duplex located in the desirable Letitia Heights area of Barrie. This property is a solid opportunity for investors or buyers looking to live in one unit and rent the other.The upper unit features 3 bedrooms and has had the same tenant for 14 years showing strong long-term stability; month to month at $1,570.94 per month inclusive. The lower unit is vacant and offers 1 bedroom with a separate side entrance; approx market rent $1,300 per month or ready to move in to immediately.. The property includes parking for 3 vehicles, making it convenient for both units. Total utility costs for 2024 were $5,645.04. Located close to schools, parks, shopping, and transit, this duplex offers steady income today with future flexibility. A great choice for investors seeking reliable cash flow or owner-occupiers wanting help with the mortgage. (id:39198)
Location
Province
Ontario
City
Barrie
Address
Christie
Postal Code
L4N4V2
Location Highlights
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Listed by
RE/MAX By The Bay 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
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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
$500,000
Asking Price
$500,000
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)
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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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