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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$670,000
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
First time on the market since 1980, this property appeals to opportunists and developers alike! Currently used as an institutional building within the Utterson community, and given the coveted Community Residential precinct. Situated on a quiet 2.4-acre parcel, this property features mature trees, a sloping terrain towards the rear, and a bedrock substratum. Old Muskoka Road runs on a Year Round Municipal road, that provides convenient access to Hwy 11 in minutes and a casual alternative route between Bracebridge and Huntsville. The well-loved dwelling possesses structurally sound construction, a sun-soaked interior, vaulted great rooms, eight exterior exits, five bathrooms, and an impressive 7777 square feet of usable space! Unquestionably, the building is expansive and can accommodate a wide range of business ventures! Come see how this property seamlessly integrates with the character of the surrounding neighborhood, and how the ample space can accommodate an entrepreneur's vision. Contact listing agent for the proposal that seeks to convert the existing school building into 8 dwelling units and additionally,construct a separate building to hold an additional 12 dwelling units. (id:39198)
Location
Province
Ontario
City
Utterson
Address
2483 Old Muskoka Rd
Postal Code
P0B1M0
Location Highlights
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Listed by
Re/Max Professionals North, Brokerage, Bracebridge 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
7,777
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
$670,000
Asking Price
$670,000
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)
7,777
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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