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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$650,000
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
Welcome to 358 Shanty Bay Road located in the super desirable North Shores of Kempenfelt Bay surrounded by multi million dollar homes! This is the perfect private property where you can build your dream home nestled on the 2.366AC hilltop building lot that offers seasonal views of the bay. This property is one in a million offering a truly incredible opportunity to the future owner. See attachments for full list of property features and the permitted uses based on the current zoning. Minutes to the beach, downtown barrie, the hospital and all the amenities yet are fortunate to be in the township of Oro and pay approx. 1/2 the property taxes that you would if you lived in Barrie. There is an established transferable entry permit from the Simcoe of County and fire route number. Vendor may conside a Seller Take Back Mortgage (id:39198)
Location
Province
Ontario
City
Oro medonte
Address
358 Shanty Bay Road
Postal Code
L4M1E7
Location Highlights
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Listed by
REAL BROKER ONTARIO LTD. 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
$650,000
Asking Price
$650,000
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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