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Benefits
Asking Price
$159,900
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
Whitefish Bay, Lake of the Woods. Located in tranquil Turtle Bay, a 2.03 acre vacant building lot on Hilowjack Island. This medium profile site features old growth red and white pines and 705 feet of rugged rock shoreline! Overlooking deep clear waters; hydro power and telephone is available on the island. Several potential build sites and a sheltered shoreline for docking. This location is approximately a 1/2 mile west of the Sioux Narrows bridge where mainland parking and docking is available at Motlong's Rod & Reel Resort. Zoned Rural Residential; 2022 taxes $1,109.00. Development may include a main home or cottage, a sleep cottage, and ancillary buildings. (id:39198)
Location
Province
Ontario
City
Sioux Narrows
Address
0 Hilowjack Island Whitefish Bay
Postal Code
P0X1N0
Location Highlights
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Listed by
RE/MAX FIRST CHOICE REALTY LTD. 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
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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
$159,900
Asking Price
$159,900
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)
0
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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