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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,900
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
A rare find on Lake Nosbonsing! Looking for peace and quiet and a little slice of heaven? Then look no further than South Shore road in East Ferris where you will find a 2.48 acre waterfront lot just waiting for you! 190 Ft at the shore with a north west exposure, located almost directly across from Perron Island, this lot is completely untouched and ready to develop. This area is a short 20 minute drive to North Bay. Lake Nosbonsing is a popular fishing spot which plays host to rock bass, yellow perch, smallmouth bass and northern pike. The lake is an irregular shaped lake which is approximately seven miles long and covers over 1600 acres in area. This is a perfect setting for those that want to escape and enjoy the picturesque views! (id:39198)
Location
Province
Ontario
City
East Ferris
Address
0 Southshore Road
Postal Code
P0H1B0
Location Highlights
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Listed by
Royal LePage Northern Life Realty, Brokerage 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
0
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
$499,900
Asking Price
$499,900
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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