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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,900
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
2 level hall in desirable Westboro location, steps to transitway and a few short blocks to Richmond Road. Current, non conforming, permitted use is as a house of worship, is grandfathered and can be continued - city has confirmed. Building consists of a split entry foyer - upper level has a vestibule, an office, and a hall - approx 34' x 34'3". Lower level has 2 half bathrooms, a kitchen area, utility room, and second hall, approx 24'7" x 23'10" with access to unheated storage area at rear. Upper hall max capacity is 53 and has exterior fire escape staircase, lower level max capacity 40 and has rear door exit. Property has been leased to community groups throughout the years, dance groups, meditation/yoga groups, meetings/classes while used as a house of worship. If use was discontinued then zoning would follow R3S, residential 3rd density, allowing singles, semi's, duplexes, and triplex properties. Room for expansion at the back of property. New roof '23,updated electrical panel. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
357 Wilmont Avenue
Postal Code
K2A0B2
Location Highlights
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Listed by
RE/MAX HALLMARK REALTY GROUP 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
2,700
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
$699,900
Asking Price
$699,900
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)
2,700
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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