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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,799,000
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
Set your sights on Wasaga Beach for your next investment opportunity. Located in one of Ontario’s most popular vacation destinations and only steps from the sandy shores of Georgian Bay, this unique property in a prime area with high visibility offers a charming 10-unit cabin courtyard with eight year round 2-bedroom units and year round 3-bedroom unit & 4-Bedroom unit. This multi-residential property offers so many options. Live on site in the 3 or 4 bedroom year round residence and enjoy the great lifestyle Wasaga Beach has to offer meanwhile play host to guests that visit this recreational property year after year due to its great reputation and only a few steps to the beautiful New Wasaga Beach. The large 150x150 lot features plenty of recreation areas, gazebos, picnic tables and play equipment. Communal firepit area to enjoy summer evenings with other families and friends. To top it all off your guests are literally steps from the sandy shores of Georgian Bay, making it a great all-round family stay! Gas heat and central air in the main cabin, all others have their own heat pump with air conditioning. Municipal water and sewer are available and you can use the solar panels to generate your own electricity and sell back what you don’t need! The winterized cabins offer so much potential for ski or monthly rentals in the wintertime. Have a different vision for this great commercial property? Use your imagination and develop this fantastic commercial lot into your next multi residential property that is close to all the east end amenities of Wasaga Beach including shopping, dining, entertainment district and provincial parks. Marina close by for all motorized watersports. Endless testimonials from return guests don't even touch on the current success of this exceptional property which can be turned over seamlessly for its next owner. Also for sale under multi residential mls#40549921 (id:39198)
Location
Province
Ontario
City
Wasaga Beach
Address
725 River Road E
Postal Code
L9Z2M4
Location Highlights
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Listed by
RE/MAX By The Bay Brokerage 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
5,200
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
$1,799,000
Asking Price
$1,799,000
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)
5,200
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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