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Land For Sale at 1310 CUMBERLAND RIDGE DRIVE in Cumberland, Ontario

4 Sale ID #177932
Updated 02 May 2024

Asking Price

$549,000

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.

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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)

  • MLS® : #1367444
  • Date Listed : 03 Nov 2023

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

land

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 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

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Financial Information

Yearly Rate

$549,000

Asking Price

$549,000

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.

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Gross Revenue- annual

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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)

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EBITDA help 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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