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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,195,000
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
Largest private Island on the south French river. 5 miles from Hwy 69. fantastic view, approx. 3543 feet of shoreline. Once in a lifetime opportunity. Only 3 owners since 1920. Financing available, five year term. High and dry with clean water shoreline. Island between French river and Pickerel River on the south half of Horseshoe bay. great building sites. Price is $337.28 a foot of shoreline Known as Miller Island it is 18 Acres, it is the largest private owned island in the area. all the shore line is accessible and there are multiple areas to land your boat. it can easily be severed into 5 or 6 large lots. but that would be a shame. this island should be sold to someone who wants space and privacy. It is under the control of the parry sound planning board and needs no building permits. There are many of these kinds of townships in Ontario because these townships have few people and do not have city halls or there own planning board or government offices. the township pays property taxes to the city of thunder bay. (id:39198)
Location
Province
Ontario
City
French River
Address
3351 Miller Island
Postal Code
P0M1A0
Location Highlights
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Listed by
RE/MAX REAL ESTATE CENTRE INC. 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
$1,195,000
Asking Price
$1,195,000
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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