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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,350,000
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
PRIME DEVELOPMENT OPPORTUNITY: Offering more than 200 ft. of frontage directly onto Highway 8 in Stoney Creek – a major artery with easy access to all amenities including transit, schools, shopping, entertainment, services and even highway access. This is the perfect site for a future multi-residential or mixed-use development with existing mid-rise condos, townhome complexes, commercial, as well many projects already in development along Highway 8. 209 Highway 8 is currently zoned as R6 (single/semi/duplex/townhomes). It has an existing 4-bedroom, 2-storey single family home on the property with an opportunity for severance to build semis or duplexes. When combined with 205 Highway 8, it offers almost .7 of an acre with fantastic development opportunity. The combined price for both properties is: $2,895,000. Call the listing agent for more information. (id:39198)
Location
Province
Ontario
City
Stoney Creek
Address
209 Highway 8
Postal Code
L8G1C6
Location Highlights
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Listed by
Royal LePage State 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
1,318
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
$1,350,000
Asking Price
$1,350,000
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)
1,318
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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