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Institutional Property For Sale at 211 BIRMINGHAM Street W in Mount Forest, Ontario

4 Sale ID #251902
Updated 24 Jul 2024

Asking Price

$989,000

Cap Rate help 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)

  • MLS® : #40604258
  • Date Listed : 18 Jun 2024

Location

Province

Ontario

City

Mount Forest

Address

211 Birmingham Street W

Postal Code

N0G2L1

Location Highlights

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Listed by

Davenport Realty Brokerage (Branch) Ontario listing

Category

institutional-properties

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

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$989,000

Asking Price

$989,000

Cap Rate help 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.

N/A

NOI help 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 help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

8,486

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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