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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,299,000
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
Nestled just steps away from the picturesque Dallas Road, this duplex zoned residential lot boasts an enviable location in Victoria, BC.Enjoy the serene coastal ambiance and breathtaking views just moments from your doorstep. Whether you're looking to build your dream home or expand your real estate portfolio, this property presents an excellent opportunity. With rezoning recently approved by the City to allow a side by side duplex each with their own legal suite, the potential for rental income or multigenerational living is enticing. Capitalize on the city's rezoning initiatives with approved plans for the missing middle housing, this property is positioned to align with current urban development trends, making it an ideal investment for forward-thinking buyers. Don't miss your chance to secure a piece of Victoria's coveted real estate market. Whether you're an investor, homeowner, or forward thinking developer, this duplex zoned residential lot promises a rewarding investment and a lifestyle beyond compare (id:39198)
Location
Province
British Columbia
City
Victoria
Address
27 South Turner St
Postal Code
V8V2J5
Location Highlights
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Listed by
Real Broker B.C. Ltd. British Columbia 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
$1,299,000
Asking Price
$1,299,000
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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