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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,950,000
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
This property is located in a prime residential area of Markham in the vicinity of contemporary million dollar homes, the property is consisting of two legally severed single-detached dwellings, each lot area is approximately 8,500 sq. ft. and has a maximum lot coverage of 35% which will allow a 5,900 sq. ft. plus home to be built on it, the pin numbers of the severed lots are: Pin 029610325 & Pin 029610324, both lots have 51.59 feet frontage & a depth of 166.2 ft. to build your dream home! the existing homes are sold on an ""as is, where is"" basis, each lot can be bought separately or together **** EXTRAS **** Buyer and buyer agents to verify all measurements, information on listing and other marketing materials from listing broker, which the listing broker does not warrant their accuracy (id:39198)
Location
Province
Ontario
City
Markham
Address
4671 14th Ave
Postal Code
L3S3K2
Location Highlights
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Listed by
IPOE CORPORATION 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
N/A
Building Size
17,018
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$2,950,000
Asking Price
$2,950,000
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.
N/A
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.
N/A
Premises Size (square feet)
17,018
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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