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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,049,000
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
Discover an exceptional development opportunity in the sought-after Valley Heights area of Grand Forks, BC! This 16.7-acre property offers some of the finest views in town, stretching across the valley and surrounding mountains. Zoned R-1A and with the potential for a 28-lot, or more subdivision, this parcel is ideal for residential development. Dual access from both Wellington Crescent and Winnipeg Avenue provides convenience and flexibility for future planning. Located just minutes from downtown Grand Forks, this property combines tranquility with accessibility. Whether you envision a new subdivision or a personal estate, this land holds endless possibilities. Don't miss out on this rare chance to invest in Grand Forks' growing market! Don’t forget to watch the virtual tour! (id:39198)
Location
Province
British Columbia
City
Grand Forks
Address
301 Wellington Crescent
Postal Code
V0H1H0
Location Highlights
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Listed by
Royal LePage Little Oak Realty 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
$1,049,000
Asking Price
$1,049,000
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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