BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,999
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
Lot Size
N/A
Building Size
N/A
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)
Location
Province
Ontario
City
Princeton
Address
Elgin
Postal Code
N0J1V0
Location Highlights
N/A
Listed by
Century 21 Heritage House LTD Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
3,258
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$749,999
Asking Price
$749,999
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.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
3,258
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
Save this Listing