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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,299,999
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
Are you an investor looking to purchase a turn key 10 unit cottage court in the heart of Wasaga Beach's ongoing development? 12 months of income with five winterized recently renovated cabins; 4 two bed and 1 one bed all with heat and kitchen. Plus five seasonal 4 people bunkie’s, less than 3 years old with a/c and mini kitchen. Development potential with the size and configuration of the property supporting a wide array of uses, including residential, commercial, and tourism oriented uses. Wasaga Beach Is growing: OLG Casino opened 2022; Twin Pad and library with 2 olympic sized ice rinks opened 2023; August 2023, negotiations with FRAM Building Group concluded with an agreement to re-develop Wasaga Beach’s beachfront commercial area. The Downtown Development Master Plan was approved by council on March 28, 2017, for the creation of a new downtown/main street area connected to a revitalized and redeveloped tourism and entertainment beach area on the waterfront. The plan includes about 200,000sq.m of residential, commercial, and recreational development spread out over the main beach area and Main Street. Motel opposite at 119 Main Street also for sale (MLS#40548429.) (id:39198)
Location
Province
Ontario
City
Wasaga Beach
Address
55 Beck Street
Postal Code
L9Z2K9
Location Highlights
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Listed by
RE/MAX By the Bay Brokerage (Unit 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
3,510
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
$1,299,999
Asking Price
$1,299,999
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)
3,510
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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