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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,900
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
DUPLEX! ALL BRICK!! SAME OWNERS SINCE 1975!!! Stunning turn-key DUPLEX located in the heart of Carling Heights community. This beautifully maintained property has undergone improvements without losing any of its original character and charm. An amazing investment opportunity offering a lucrative return on investment. Perfect for an owner occupied duplex. Live in one unit and have the tenant pay your mortgage. Main floor 2 bedroom unit boasts beautifully appointed shaker style kitchen featuring Granite countertops, designer tile backsplash, ceramic tile flooring throughout and stainless steel appliances. Luxury spa-like bathroom boasts stunning contemporary finishes. Upper 3 bedroom unit currently rented to a long term A+ tenant. Contact listing agent for details. Separate entrances for additional privacy between units. Both units feature convenient in-suite laundry. Both units feature an OVERSIZED front porch, perfect for enjoying that morning cup of coffee or evening glass of wine. Efficient hot water boiler heating system servicing both units. Ductless air conditioning unit provides ample cooling on the main floor. Separate hydro meters. Expansive concrete driveway offers parking for 6 vehicles plus BONUS attached single car garage with inside entry. Zoning: R1-6. Contact the City of London regarding the possibility of adding an Additional Residential Unit (ARU) in the lower level. London is encouraging this form of residential development to improve housing diversity, affordability and sustainable land use. Located close to all amenities including shopping, great schools, playgrounds, public transit, London Health Sciences Centre and Fanshawe College. Time to stop thinking about owning income property and finally call yourself an investor. Do not miss this opportunity to build your real estate portfolio! (id:39198)
Location
Province
Ontario
City
London East
Address
Cheapside
Postal Code
N5Y3Y8
Location Highlights
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Listed by
CENTURY 21 FIRST CANADIAN CORP 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
3,152
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
$749,900
Asking Price
$749,900
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)
3,152
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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