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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,299,990
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
Discover an unparalleled investment opportunity at 64 High St West, located in the vibrant heart of Strathroy, Ontario. This prime property offers a rare chance for investors, builders, and developers to capitalize on an incredible development project. The draft plans, currently under review, outline a new 24-unit apartment building. The proposed design includes 8 one-bedroom and 16 two-bedroom units, addressing the growing demand for diverse housing options in the area. Strategically situated in a thriving community, this property benefits from proximity to essential amenities, transportation links, and local services, enhancing its appeal for future residents. The review process for the draft plans is progressing smoothly, and a minor variance application is underway, with optimistic expectations for approval with positive feedback from the municipal level. The existing 7-plex has a great tenant profile, offering 7 units consisting of 1 Bachelor, 3 1 Bed Units, 1 1 Bed + Den, 1 2 Bedroom and 1 3 Bedroom + Den. Seize this unique opportunity to make a substantial impact in Strathroy's development landscape or buy and hold this great property as it stands and benefit from some serious upside. (id:39198)
Location
Province
Ontario
City
Strathroy caradoc
Address
64 High Street W
Postal Code
N7G1G8
Location Highlights
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Listed by
KELLER WILLIAMS LIFESTYLES 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
17,125
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
$1,299,990
Asking Price
$1,299,990
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)
17,125
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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