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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,850,000
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
Excellent 1.7-acre (6,879 m² / 74052 sq ft) development opportunity is located on a quiet road in Nanaimo’s desirable Uplands neighbourhood, a community known for its natural beauty and predominantly single-family homes. Zoned R1 (Single Dwelling Residential), the property supports low-density residential development with minimum lot sizes of 500 m² (5,382 sq ft) for standard single-family lots or 450 m² (4,844 sq ft) for lane-access parcels. Under the Official Community Plan, the property is designated “Suburban Neighbourhood,” an area oriented toward low-rise residential development with a target density of 25 units per hectare. Typical supported building forms include single-family homes, duplexes, triplexes, fourplexes, and townhomes, and given the size of the site, it could accommodate approximately 25 units. The property offers approximately 35.01 m (115 ft) of frontage and an average depth of 127.45 m (4,418 ft), providing excellent flexibility for subdivision or multi-unit planning. Gently sloping to the southeast, the land is serviced at Opal Road with water, sewer, and storm connections. Ideally situated close to schools, parks, shopping, and all major amenities, this property presents an outstanding opportunity for builders, developers, or investors looking to create a well-designed residential enclave in one of Nanaimo’s most sought-after areas. Great holding property with an existing decent sized 4-bedroom 2-bath home, carport with attached shop, garden shed, and open air 3 car carport. Land Assembly totaling 4.9 acres available, Detailed Information package available on request. (id:39198)
Location
Province
British Columbia
City
Nanaimo
Address
Opal
Postal Code
V9T2V6
Location Highlights
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Listed by
REMAX Professionals (NA) British Columbia 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
1,970
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
$1,850,000
Asking Price
$1,850,000
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)
1,970
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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