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Land For Sale at 418 VICTORIA BEACH RD in Cramahe, Ontario

4 Sale ID #218321
Updated 28 Apr 2024

Asking Price

$1,388,000

Cap Rate help 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

Approved Site Plan for single or Duplex, submit your Drawings Great Opportunity To Own A Piece Of Prime Land Located Directly Across From Lake Ontario. This Gorgeous, Large Property (24.92 Acres) Sits On A Year Round Municipal Road, School Bus Route, Close To The Town Of Colborne With Schools, Bank, Grocery Stores, Pharmacy And Other Shops. With Stunning View Of The Lake, It Would Make An Excellent Building Site In a Fast Growing Community Only 40 Minutes From The GTA And 90 Minutes To Downtown Toronto. Great Real Estate Investment To Build Your Dream Home Close To The Lake, Large Parcel Of Land Without The Burden Of Waterfront Property Taxes. Zoning (Ru-2) Allows For Many Uses . A 25-Acre Piece Of Land For The Same Price As 3-Acre Building Lot In The Area. Almost Price Of A 25 Ft. Frontage Lot In Toronto. Min 5% Deposit Don't Miss The Virtual Tour ! **** EXTRAS **** It Is An Excellent Choice, Particularly Given The Rapid Development Of Ontario. Take Advantage Of This Incredible Opportunity Now, Build Your Dream Home, And Enjoy The Benefits Of A Fantastic Investment For You And Future Generation (id:39198)

  • MLS® : #X8169002
  • Date Listed : 23 Mar 2024

Location

Province

Ontario

City

Cramahe

Address

418 Victoria Beach Rd

Postal Code

K0K1S0

Location Highlights

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Listed by

RIGHT AT HOME REALTY Ontario listing

Category

land

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

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,388,000

Asking Price

$1,388,000

Cap Rate help 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.

N/A

NOI help 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 help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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