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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$889,000
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
Discover the potential of this exceptional commercial property, formerly a house of worship, now available for your innovative enterprise. Nestled in a tranquil residential area and zoned for institutional use, this expansive building boasts a harmonious blend of historical charm and modern amenities. Key features include: Grand Auditorium: Ideal for large gatherings, conferences, performances, or community events. Versatile Gymnasium: Perfect for sports activities, fitness programs, or adaptable to suit your specific needs. Private Offices: Multiple offices providing ample space for administrative functions or private consultations. Activity Rooms: Various rooms that can be customized for classrooms, workshops, or recreational activities. Full Kitchen: A spacious, fully-equipped kitchen ready to cater to large events or daily operations. Three-Room Residence Wing: Completed to building code standards for fire safety, providing comfortable on-site living quarters or additional office space. This unique property, offering endless possibilities for educational institutions, community centers, performance spaces, and more. Currently zoned as institutional however, rezoning may be possible as it is designated as a residential area within the Wellington County Plan. Schedule a tour today to explore how this versatile space can be tailored to meet your needs (id:39198)
Location
Province
Ontario
City
Mount Forest
Address
211 Birmingham Street W
Postal Code
N0G2L1
Location Highlights
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Listed by
Re/Max Icon 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
8,486
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
$889,000
Asking Price
$889,000
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)
8,486
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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