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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,950,000
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.
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Lot Size
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Building Size
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Premise Summary
Prime Location With Modern Design !! Approved 24 Units Multi Residential Development Site Across The Lester B. Pearson Park And St. Catharines Kiwanis Aquatics Centre With 17 Units - 2 Bedroom & 7 Units - 1 Bedroom, 29 Parking Spaces. Minutes From St Alfreds Church, The Grantham Library, Jubilee Place Retirement Complex, Walmart Supercenter, No Frills, Queen Elizabeth Way. Close To University And Colleges, Public Transit, Restaurants. **** EXTRAS **** Rare Multi Residential Development Site Ready To Go And Well Located: Shopping, Qew & All Amenities. Short Drive To New Medical Centre On Fourth Ave. Site Plan Approved. Construction Can Start In 2024. Survey Attached. (id:39198)
Location
Province
Ontario
City
St. Catharines
Address
473-475 Carlton St
Postal Code
L2M4W9
Location Highlights
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Listed by
RE/MAX REALTY SERVICES 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
28,793
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
$1,950,000
Asking Price
$1,950,000
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.
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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)
28,793
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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