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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,399,900
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
Attention all developers! Over 13,855 square feet of R5A zoning; Can build up to 40 meters (131 feet), of higher density residential uses. Ancillary commercial use also available. Over 300k in renovation in 2019. New furnace, water heater, windows, flooring to name a few This property is perfect for residential multi units: Within walking distance to the LRT Transit Station, Orleans mall, groceries stores, medical facilities and much more. Take advantage of Bill 23 and build two 10 units (severance needed) without Site Plan (more than 10 units with Site Plan). Buyer to do their own due diligence. ** Property has a legal non conforming use as an Office - Total square footage is 4,616ft2 ** The property directly behind (1134 Maisonneuve listed on MLS: 1353555 & 1360772) is also owned by the same group and could be sold as a package deal. Total square footage for both combined properties would be over 29,000ft2. Survey for the property was completed in 2023 and available upon request. (id:39198)
Location
Province
Ontario
City
Orleans
Address
1145 St Pierre Street
Postal Code
K1C1L1
Location Highlights
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Listed by
RE/MAX HALLMARK REALTY GROUP 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
$1,399,900
Asking Price
$1,399,900
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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