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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$779,000
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 in a Quiet, Established North London NeighbourhoodThis well-maintained legal duplex is located in a desirable North London area known for its quiet streets and long-term appeal. Close to schools, Western University, Fanshawe College, and Masonville Mall, the property offers an excellent opportunity for investors, multi-generational households, or owner-occupants seeking rental income.The vacant main unit is bright and thoughtfully laid out, featuring three spacious bedrooms, an oversized living room window, and a striking floor-to-ceiling fireplace that anchors the space. The kitchen has been updated with new quartz countertops, a new sink and faucet, while the renovated 5-piece bathroom includes a new bathtub and a modern glass shower surround.The fully renovated legal lower-level apartment offers two bedrooms, a 3-piece bathroom, and large egress windows that bring in plenty of natural light. This unit is currently rented, providing steady income. Both units have private entrances and their own in-unit laundry. Utilities are split with the main unit paying 70% and the lower unit 30%. The property generates approximately $50,000 in annual revenue and is equipped with a high-efficiency heat pump valued at over $15,000, offering year-round comfort and energy savings. A spacious backyard adds to the overall functionality and appeal. With its strong income potential, flexible layout, and prime North London location, this property is a solid long-term investment and a smart place to call home. (id:39198)
Location
Province
Ontario
City
London North
Address
Tweed
Postal Code
N5X1Z5
Location Highlights
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Listed by
ROYAL LEPAGE TRILAND 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
$779,000
Asking Price
$779,000
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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