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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$890,000
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
Welcome to Winston View Estates subdivision. The next great place to live in the Lac La Biche Region. Located just minutes away from the cozy town of Lac La Biche this 48.11 acre parcel of land is ready to move forward to complete a subdivision consisting 47 large Estate lots that can be fully serviced lakefront (19) and backlots. Winston View Estates features lakefront and backlot living minutes from schools, shopping, golfing, fishing and an indoor recreational facility that is the envy of most communities in Alberta. Lac la Biche Lake is one of the largest fishings lakes in Alberta with 100's of miles of pristine shoreline and a multitude of Islands to explore and birdwatch for on this protected lake. The area hosts many tourist destinations including Sir Winston Churchill Park, Lakeland Provincial Park and Recreation Area, McArthur Park complete with splash park. The property has been prepared for completion with the ground stripped , engineering complete putting this project in motion and waiting for investors for completion and to make this a the next family oriented country residential subdivision the area has been waiting for. (id:39198)
Location
Province
Alberta
City
Lac Lae
Address
202 13412 Lakeland Drive
Postal Code
T0A2C1
Location Highlights
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Listed by
RE/MAX LA BICHE REALTY Alberta 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
$890,000
Asking Price
$890,000
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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