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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,999
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
Current Zoning ALLOWS TRI-PLEX. 132.42' x 172.88' x 121.32' x 120.08' (.43 Acres). Remarkable Opportunity, this affordable lot with detached home. Located walking to all amenities including schools, shopping, the Mosque (walking 9 minutes, 550m) and many other cultural amenities, this property is Location, Location, Location! Take advantage of the current R4 zoning and the City's newly amended By-Law allowing Additional Residential Units (ARU's) and this lot can host in total Three (3) Residential units (tri-plex) with current zoning and development fee's waived! Whether you're considering expanding your real estate portfolio or embarking on a development venture, this property is a nice little project to get moving on right away and when complete the demand for these units is obvious. Don't miss out on this chance to transform this property into a lucrative venture or a multi-generational living space. Schedule your viewing today and explore the endless possibilities that await at 245 Clyde Rd! Reach out today for our Property Information Package (PIP) that includes the cities most current By-law. Open Houses Wednesday 4-6 pm, Thursday 4-6 pm & Saturday 10 am - Noon. (id:39198)
Location
Province
Ontario
City
Cambridge
Address
245 Clyde Road
Postal Code
N1R1L2
Location Highlights
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Listed by
Revel Realty Inc., Brokerage 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
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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 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
$599,999
Asking Price
$599,999
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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