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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$7,700,000
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
Presenting The Rare Opportunity To Own A Piece Of History - Dickson Manor. Originally The Personal Residence Of One Of The Founders Of Cambridge, Now A Fully Tenanted Multiplex Consisting Of Thirteen Self-Contained Units At Premium Market Rent. Fully Renovated From The Ground Up In 2020, All Thirteen Units Are Fully Updated, Separately Metered & Maintenance Free. Impeccablly Clean Mechanical Room With Not One Single Wire On The Exterior Of The Property. Close To All The Amenities Of Cambridge Such As The Galt Train Station, Cambridge Memorial Hospital, City Hall, Conestoga College As Well As Just A 25 Minute Drive To Guelph & Kitchener Go Stations. **** EXTRAS **** Exist. X13 Fridges, X13 Stoves, X13 D/W, X13 W/D Combo. All Exist. Elfs & Window Coverings. Fully Renovated From Ground Up In 2020. 200 Amp, 600V 3 Phase Service. Includes 22 Parking Spots. (id:39198)
Location
Province
Ontario
City
Cambridge
Address
58 Beverly St
Postal Code
N1R3Z7
Location Highlights
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Listed by
ROYAL LEPAGE YOUR COMMUNITY 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
0
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
$7,700,000
Asking Price
$7,700,000
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)
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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