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Land For Sale at 01 LAKE RIDGE RD in Georgina, Ontario

updated
4 Sale ID #134147
Updated 29 Apr 2024

Asking Price

$9,980,000

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

Lot Size

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Building Size

N/A

Premise Summary

Attention: Great Land Bank Opportunity To Own Huge Prime Lands of 252 Acres In The Heart Of Pefferlaw, Where Is Getting Hot As the Next Development Spot! Part of the Property is Designated As ""Residential"" in the Pefferlaw Secondary Plan. Currently Ready To Be Divided into Multiple Lots of Estate Homes, With Big Future Potential To Much More Normal Small Lots. The Land Is Fronting On Lake Ridge Rd (Boundary Rd Between York and Durham Regions). Clear and Even, Most of the Lands Under Farming Crops by Tenants. No Mountain & Forests! Near Lake Simcoe and Planned Extension of HWY 404. 50 Minutes to Toronto. Buyers and Their Agents and Lawyers Verify All Information & Features. Possible VTB Mortgage for Qualified Buyer. **** EXTRAS **** Pefferlaw Is The Last Place Of York Region To Invest In Developable Lands At Affordable Price For Future Soaring Value. Exciting Increasing Of Values Happened Over Past 10 Years. The Utilities Available On Lake Ridge Rd. (id:39198)

  • MLS® : #N5953804
  • Date Listed : 07 May 2023

Location

Province

Ontario

City

Georgina

Address

01 Lake Ridge Rd

Postal Code

L0E1N0

Location Highlights

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Listed by

BAY STREET GROUP INC. Ontario listing

Category

land

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

0

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

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

N/A

Financial Information

Yearly Rate

$9,980,000

Asking Price

$9,980,000

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.

N/A

Gross Revenue- annual

N/A

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)

N/A

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

N/A

Premises Size (square feet)

0

Other Information

Owner willing to Finance

No

Absentee Owner

No

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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