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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
Sacred Heart Parish in Port McNicoll is for sale sitting on an 85 x 118 ft lot. This former Church offers approximately 3254sq ft on each floor and provides opportunity for those with a creative mind. Currently zoned institutional, some permitted uses are clinic, club, community centre, day nursery, nursing home, retirement, school and more. Of course you can continue to use the building as a place of worship as well. This building has been well taken care of. The steel roof, soffit, fascia, eavestrough, raised edge on the flat roof, snow guards and siding on gable were completed in 2015. New 50 gallon hot water tank installed 2020. New 100000 BTU furnace installed 2020. Finished basement with kitchen, two baths, storage area, open space and access door to outside. (id:39198)
Location
Province
Ontario
City
Port Mcnicoll
Address
396 Assiniboia Street
Postal Code
L0K1R0
Location Highlights
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Listed by
Century 21 B.J. Roth Realty Ltd Brokerage (Midland Unit B) 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
6,508
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.
N/A
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)
6,508
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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