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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$939,000
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
At this very special property you find a serene and secluded 10 acre retreat away from the hustle and bustle of city life - with the added benefit of turn key rental units fully approved and operational as a Tourist Cottage Rental Establishment. This is a chance to own an exquisite log home with a cozy and warm atmosphere, providing a sense of relaxation and tranquility. Take in the dramatically high ceilings of the great room. Envision the joy of hosting gatherings and entertaining friends and family in your thoughtfully designed modern kitchen and spacious living areas. Picture yourself unwinding in the sunroom, basking in the natural light and connecting with the beauty of nature. Breath taking views of tall trees and the surrounding gardens from each window. With three bedrooms and two bathrooms, including the convenience of a main floor bedroom and bath, this layout suits many lifestyles. This log home was originally built by a local artist and his former gallery located down the hill has been beautifully modified into three separate short or long term rental units with plenty of amenities. Their location allows privacy for the main house. This is an opportunity to generate additional income through the units designed to target the high number of visitors to the Bruce Peninsula. Imagine the joy of hosting visitors excited about exploring the Bruce's outdoor wonders, from hiking picturesque trails to discovering hidden beaches and witnessing stunning sunsets. With the close proximity to Wiarton, you have the added advantage of easy access to everything from schools, restaurants, shopping, hospital and the harbour for yourself and your guests. (id:39198)
Location
Province
Ontario
City
South Bruce Peninsula
Address
1483 Highway 6
Postal Code
N0H2T0
Location Highlights
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Listed by
EXP REALTY, Brokerage (B) 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
2,392
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
$939,000
Asking Price
$939,000
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)
2,392
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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