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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$974,000
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 Conforming Triplex – 3 Units - Newly Renovated and Ready for You! Welcome to this beautifully renovated 3-unit building, where modern living meets comfort and convenience. Perfect for investors or those looking for multi-family living, this property boasts a range of contemporary upgrades that enhance both aesthetic appeal and functionality. Vacant – Set your own rents! Main unit – 3 Bedrooms, 2 Baths, + Den, In suite Laundry, Renovated Kitchen and Baths, new doors and several windows ,separate hydro meter, gas heat, own meter Unit 1 – 1 Bedroom, 1 Bath, In suite Laundry, Completely renovated , separate hydro, new windows and door. Heat Pump with backup baseboard heat Unit 2 – Bachelor, 1 Bath, In suite Laundry, separate hydro meter, newly created, new windows and doors Heat Pump with backup baseboard heat Freshly Renovated Interiors: Each unit has been meticulously updated with modern finishes, ensuring a fresh and inviting atmosphere for residents. Modern Flooring and Fresh Paint: The property shines with new flooring throughout and fresh paint on every wall, creating a cohesive and modern look that is move-in ready. New sod laid front and back, large parking area This prime location is not only a great investment opportunity but also offers easy access to local amenities, parks, schools, and public transportation, making it ideal for families and professionals alike. With three distinct units, this building offers diverse rental income opportunities. Each unit is designed for comfort and efficiency, appealing to a wide range of tenants. Conclusion: Don’t miss the chance to own this exceptional three-unit property that combines style, comfort, and functionality in a desirable location. Schedule a viewing today and envision the possibilities this renovated building has to offer! One Director of Selling Corp is a Registered Real Estate Salesperson (id:39198)
Location
Province
Ontario
City
Barrie
Address
Grove
Postal Code
L4M2N9
Location Highlights
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Listed by
EXP Realty 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
2,831
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
$974,000
Asking Price
$974,000
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)
2,831
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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