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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$990,000
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
To view the video, please click the More Info button. Snuggled in the heart of Thousand Islands on the majestic Saint Lawrence River is Rich Island. This two-acre +/- undeveloped private island offers stunning sunrises and sunsets, starlit nights, and beautiful river views accompanied by a warm summer’s breeze. The island experience will leave you feeling refreshed and awakened with the spirit of nature that is embedded here. Fishing, swimming, boating, and relaxing are some of Rich Island's greatest pleasures. Rich island is a delight for the soul making it a perfect space for a family’s private retreat. Rich Island was a turn of the century fishing camp with a few run-down cabins that have been removed leaving one building. The island has power and a temporary electrical panel ready for construction. If you choose to build, Rich Island has building approvals for a cottage closer to the river, which current bylaws would not allow. Rich Island has excellent boat access and mainland boat dockage is available within a short boat ride. The nearby towns on the Canadian side include Gananoque, Lansdowne and Rockport and on the American side are Wellesley Island, Clayton and Alexandria Bay. In these towns you will find many festivals, cultural events, and history to enjoy. Island properties such as this are rarely seen in the Thousand Islands. This is a unique opportunity to build on the tranquil St. Lawrence river your way - a must-see! (id:39198)
Location
Province
Ontario
City
Lansdowne
Address
1 Rich Island
Postal Code
K0E1L0
Location Highlights
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Listed by
Easy List Realty 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
$990,000
Asking Price
$990,000
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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