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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,899,000
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
Excellent opportunity to buy rarely available 1.3 acre commercial /Residential property with over 32 parking on Dundas street. Lots of usage. Upper portion is rented to Church who works on Sunday and Thursday. Lower potion is used for Meditation hall and office and has small kitchen. Second floor main entrance has office, Gathering area and sitting hall. Institutional and Commercial Zoning Building is not registered as Heritage . Basement was fully renovated with New Air conditioner ,New Flooring, New walls , Lights , Main entrance etc. in 2020 .New both Furnace 2016.Buyer to do due diligent .vacant possession available. (id:39198)
Location
Province
Ontario
City
Burlington
Address
2437 Dundas Street
Postal Code
L7R3X4
Location Highlights
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Listed by
Halton Real Estate Corp., 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
4,268
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
$1,899,000
Asking Price
$1,899,000
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)
4,268
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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