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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,000
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
Previously operated as White House Rest Home, and a 15-bed group home that was operated compliant with fire regulations, including installed fire suppressant sprinklers throughout the dwelling. The property features a unique building with significant potential for modifications, upgrades or a complete rebuild on the spacious 82.5 x 132 ft lot adjacent to green space. It includes two outbuildings that can be used for additional storage space. Zoned for institutional and residential uses, the property offers multiple redevelopment opportunities to transform into a rest home, group home, day nursery, or potentially a duplex or single-family residence. A durable metal roof protects this expansive building, encompassing over 3,700+/- sq ft with 15 beds, 6 bathrooms large sunroom and 2 kitchens. Let your imagination shape the future of this versatile property. (id:39198)
Location
Province
Ontario
City
Harriston
Address
205 King Street
Postal Code
N0G1Z0
Location Highlights
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Listed by
Royal LePage Meadowtowne Realty 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
3,775
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
$749,000
Asking Price
$749,000
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)
3,775
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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