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Institutional Property For Sale at 3 NELLES Street E in York, Ontario

4 Sale ID #218250
Updated 29 Apr 2024

Asking Price

$799,900

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

Lot Size

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Building Size

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Premise Summary

Character & Charm resonate throughout this Circa 1891 former Church that has been masterfully designed into a 3 bedroom, 1.5 bathroom home in the picturesque Hamlet of York overlooking the Grand River situated on 3.58 acre lot. Incredible curb appeal with original brick exterior, slate roof, & mature trees. The open concept, professionally designed interior offers original features throughout highlighted by stained glass windows, period specific wood accents including stunning wood ceilings & beams, belfry tower, & lighting while perfectly blending in the large eat in kitchen with custom cabinetry, oversized eat at island, s/s appliances, & herringbone wood countertops with epoxy coated finish, spacious MF family room, dining area, welcoming foyer, 2 MF bedrooms, new 3 pc bathroom with walk in shower, & desired MF laundry. The partially finished basement features 3rd bedroom, 2 pc bathroom, rec room area, & ample storage. Costly updates since 2021 include all new HVAC, n/gas furnace, spray foam insulation, wiring, plumbing, framing, drywall, & more! Conveniently located minutes to Caledonia, Cayuga, & easy access to amenities. Contact Listing agent in regards to the Cemetery currently operating on a portion of the property & the possible severance that has been started. The Sellers are willing to continue to operate and maintain the operations of the Cemetery. A Truly Irreplaceable property, home, & Opportunity. (id:39198)

  • MLS® : #H4188778
  • Date Listed : 23 Mar 2024

Location

Province

Ontario

City

York

Address

3 Nelles Street E

Postal Code

N0A1R0

Location Highlights

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Listed by

RE/MAX Escarpment Realty Inc. 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

2,226

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 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

$799,900

Asking Price

$799,900

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

N/A

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)

2,226

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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