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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$794,900
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
INVESTORS!!! Looking to add to your real estate portfolio? Looking to enter into the real estate market and start your portfolio? Take a look today! Great two storey home has been renovated to a four separate unit building. Coin laundry in basement for extra income, room for storage in basement (if required). UNIT 1 is 3 bedrooms, 1 bath. UNIT 2 is 3 bedrooms, 1 bath. UNIT 3 is 2 bedrooms, 1 bath. UNIT 4 is 1Bedroom / Bachelor. Convenience of onsite laundry and parking. UNIT 1 and UNIT 2 include Fridge, Stove - tenants pay hydro/heat. UNIT 3 includes Fridge, Stove, dishwasher (as is) - tenant pays hydro/heat. UNIT 4 includes Fridge, Stove - rent is inclusive. 2 Furnaces. 1 HWT (R). 4 x hydro panels. Close to All Amenities & Family Fun At Barrie's Centennial Park & Lake Simcoe's Waterfront. Easy access to Shopping, Services, Fine and Casual Dining, Library, Rec Centre, Entertainment and key commuter routes - public transit, GO Trains, highways north to cottage country and south to the GTA. Many trails and parks to enjoy all year around. Minutes to the waterfront marina, boardwalk and beaches of Kempenfelt Bay on Lake Simcoe. Property financial report available upon request. (id:39198)
Location
Province
Ontario
City
Barrie
Address
Penetang
Postal Code
L4M1V6
Location Highlights
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Listed by
RE/MAX HALLMARK CHAY 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
$794,900
Asking Price
$794,900
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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