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Institutional Property For Sale at 3332 MUSKOKA Street in Washago, Ontario

4 Sale ID #247891
Archived 28 Jun 2024

Asking Price

$439,900

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

Discover the Charm of History: The Church In Downtown Washago! Step into a piece of history with this property. This remarkable building, boasting a blend of historical charm has been lovingly maintained over the years. Perfect for those who appreciate the beauty of the past. The original structure, with its classic architectural design, has stood the test of time since 1874. Approximately 40 years ago, a significant addition was made to the building, seamlessly integrating new space while preserving the historical integrity of the original church. Stay warm and comfortable with two newly refurbished furnaces, installed in December 2022. Both furnaces are conveniently located under the sanctuary accessed through a trap door to a 4 ft tall crawl space, ensuring efficient heating throughout the space. A recently repaired sump pump ensures the lower areas remain dry and well-maintained, giving you peace of mind. A unique feature of this property is the trap door leading to the attic. This expansive open space is perfect for storage, providing ample room for all your needs. Enjoy the benefits of updated windows, which were replaced in 1999, offering improved insulation and energy efficiency. The shingles were replaced in 2009, ensuring the roof is in excellent condition and ready to protect the building for years to come. Zoned I - Industrial - The possibilities are endless. (id:39198)

  • MLS® : #40595855
  • Date Listed : 31 May 2024

Location

Province

Ontario

City

Washago

Address

3332 Muskoka Street

Postal Code

L0K2B0

Location Highlights

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Listed by

Century 21 B.J. Roth Realty Ltd. Brokerage Ontario listing

Category

institutional-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

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Lot Size

N/A

Available Space

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Building Size

2,000

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

$439,900

Asking Price

$439,900

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

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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)

2,000

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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