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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,499,000
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
1165 Centre Street is a magnificent approximately 9.77 acre property nestled amidst rolling hills just south of Canboro Rd. Close to Fonthill Downtown, Groceries, Shopping, Worship place and Community centre. Easy access to HWY 20. The original schoolhouse, constructed in 1875, received additions in 1956 and 1967, resulting in a total building size of 20,357 square feet. The school's library is situated within the original schoolhouse, while the additions offer a spacious gymnasium with a performance stage, generously sized classrooms, and staff facilities. The expansive school grounds can accommodate full-sized football and soccer fields, a baseball diamond, and two playgrounds. Capital improvements have been made since 2006, including a new roof, lighting upgrades, window replacements, paving, and the installation of an intrusion alarm system. The property also features a septic system and a cistern. (id:39198)
Location
Province
Ontario
City
Fenwick
Address
1165 Centre Street
Postal Code
L0S1C0
Location Highlights
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Listed by
RE/MAX GARDEN CITY EXPLORE 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
20,357
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
$3,499,000
Asking Price
$3,499,000
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)
20,357
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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