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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,000
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
Do not miss this opportunity - Rare to find, nestled in the heart of Cumberland, 1310 CUMBERLAND RIDGE is a partly cleared 2.47 acres estate lot that is awaiting your creativity! House plans are negotiable and upon request we can lend access to a builder that can build your dream home. What makes this location so unique is the fact that it offers the tranquility of the country while still being just a short drive to all Orleans amenities (only 8 mins from Trim Road Park and Ride). The shape and orientation of the lot will allow for homes of all sizes and frontage can be on either Quigley Road or Cumberland Ridge! (2 culverts have been installed giving access to the property from both roads) Property has been marked but please do not visit the lot without an appointment. A survey reflecting the property stakes is also available upon request. (id:39198)
Location
Province
Ontario
City
Cumberland
Address
1310 Cumberland Ridge Drive
Postal Code
K4C1E1
Location Highlights
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Listed by
ROYAL LEPAGE PERFORMANCE 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
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
$499,000
Asking Price
$499,000
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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