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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,700
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
GRAND BEND | OVERSIZED BUILDING LOT | WOODED VACANT LAND READY FOR YOUR DREAM HOME: This superb .61 acre serviced residential building lot (municipal water HOOKED UP on lot, gas/hydro @ road) is situated at the top of the Beach O' Pines subdivision on the lakeside/beachside of road, but located outside of the gates (so NO annual dues). At this price, within walking or biking distance to the Pinedale Rd beach access & all of Grand Bend's convenient amenities, it can't be beat. The ample depth & mature woods at the property are conducive to a new home being situated well off the road, even further from the main road than the homes on Sandalwood Crescent located one street over. This gorgeous well-treed plot is far enough out toward the southern edge of town to foster that 'away from it all' feeling while still being close enough to provide everything you need just minutes from your front door. Live in harmony with nature in a stunning forest that is a hybrid of an oak savanna & a white/red pine grove. And if you're feeling more like a beach day, you can take a short walk or bike to the Pinedale Road trailhead (700 mtrs from your front door) & then enjoy the remaining 800 meter hike or mountain bike through a wooded trail to one of the most secluded beach access points in the area. This is a municipally owned road allowance that leads to the beach right in between Southcott & Beach O' Pines. Back to this breathtaking lot, with the amount of land you have at this property, you can generate sufficient privacy by situating your new home in the ideal position. The ample space is also ideal for someone looking to build a larger home with a detached heated shop. Live among nature & majestic pines just minutes to a world class beach down the Pinedale Rd path, your local grocery store just a short walk up the Rotary bike path, & minutes away to a great elementary school right in Grand Bend. This wonderful building lot is the perfect way to start a new chapter for your family. (id:39198)
Location
Province
Ontario
City
Grand Bend
Address
10460 Lakeshore Road
Postal Code
N0M1T0
Location Highlights
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Listed by
ROYAL LEPAGE TRILAND 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
$299,700
Asking Price
$299,700
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)
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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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