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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,399,900
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
Super infill development that currently cash flows! Positive comments for 8 Townhomes! Currently 8 Rental Units, sitting on almost one full acre of land in the heart of Port Stanley, Currently rented year round, long term, happy tenants. A rare investment opportunity. Buildings consist of the Main house Rented through Air BNB, open concept, 3 bedroom, gas furnace, central air, large carport. The Lodge is a 2 story cement block cottage, open concept main level, 2nd story loft for sleeping with separate entrance. 6 Small homes, one bachelor, and 5 one bedrooms. All 7 detached units are heated by gas space heaters, with own hydro panels and water heaters.. The property also sits on 3 lots 44, 45, 46 that were recently serviced when the Street was redone. Buyer to make own inquiries as to future uses for severances and zoning for this 8 unit, 3 lot, 198,x201.94' property. Measurements and zoning information are available from your Realtor under the documents tab. Being sold in as is where is condition. (id:39198)
Location
Province
Ontario
City
Port Stanley
Address
384 George Street
Postal Code
N5L1H9
Location Highlights
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Listed by
HOWIE SCHMIDT REALTY 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
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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
$1,399,900
Asking Price
$1,399,900
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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