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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,000,000
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
Attention Builders and Developers: MULTI-UNIT SITE PLAN CONTROL APPROVED DEVELOPMENT LOT. Here is an opportunity not to be missed. Save time in building your new modern 16 unit rental in Ottawa’s trending Hintonburg, steps from Tunney’s LRT, the Parkdale Market, trendy shops, cafes, eateries and galleries. Hintonburg is popularly known as the arts district within close proximity to Wellington Village and Westboro and easy access to the Ottawa River Pathway; this PRIME LOCATION has something to offer for everyone! Plans for 16 UNIT BUILDING consisting of TEN- 2 bedrooms and SIX- 1 bedroom units designed with open concept floor plans, in unit laundry, heated flooring and walkway, large windows and separate bicycle storage. Current comparable rents suggest the potential to generate $400,000+ in gross annual rent. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
243-245 Hinchey Avenue
Postal Code
K1Y1L9
Location Highlights
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Listed by
KELLER WILLIAMS INTEGRITY 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
$2,000,000
Asking Price
$2,000,000
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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