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Institutional Property For Sale at ELGIN in Princeton, Ontario

4 Sale ID #346113
Updated 27 Apr 2025

Asking Price

$749,999

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.

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Lot Size

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Building Size

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Premise Summary

Exciting opportunity in Princeton, is it time to pursue your creative business ideas ? in an 1880's style church and former clergy residence ,rare offering, property includes a 2 storey amazing century old Church with modern addition of office space 2003, accessible wheelchair washroom, entry foyer and 2 person elevator, Plus a detached yellow brick residence fronting on Victoria st E ,currently rented on a month to month basis. The church features original character and charm with upper balcony, 2 upper staircase entry and fully useable lower level kitchen, meeting space, 2 piece washroom, classroom and access to main hall addition with 2 person elevator and a second 2 piece updated washroom wheel chair accessible. The Zoning is institutional currently with residential portion for dwelling , a variety of other uses can be explored. Mechanically up to date and still operating, the church, offers 200 amp hydro, 2 gas furnaces, full kitchen set up lower level with open meeting space, main floor wheel chair accessible washroom, and 2 person elevator, main foyer & additional meeting/office space. (The municipal address of the church is 24 Elgin St E) The residence is a 3 bedr 2 bths, approx 1920 sq ft home with some original character, high ceilings, staircase, updated features 100 amp hydro service, main floor laundry, some newer windows , bay window in large living room with original hardwood flooring , front foyer, lots of open space in yard and tons of parking, currently rented to great tenants . Municipal address of residence is 23 Victoria St E. This location is central to Woodstock, Kitchener, Brantford areas and well connected with hwy 403/401 access within minutes. (Do not walk property without a confirmed appt. sold in conjunction with mls # 40693550) (id:39198)

  • MLS® : #40693611
  • Date Listed : 01 Feb 2025

Location

Province

Ontario

City

Princeton

Address

Elgin

Postal Code

N0J1V0

Location Highlights

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Listed by

Century 21 Heritage House LTD 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

3,258

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

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Financial Information

Yearly Rate

$749,999

Asking Price

$749,999

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)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

3,258

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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