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Benefits
Asking Price
$1,199,000
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
A charming brick duplex awaits, featuring a total of 3 bedrooms and 2 baths in the upper unit, along with an additional 1 bedroom and 1 bathroom below. On the main floor, discover the comfort of 2 bedrooms, a spacious 4-piece bathroom, as well as a beautiful living and dining room area. The kitchen opens onto a spacious deck overlooking the expansive fenced yard. Upstairs, a loft bedroom adorned with hardwood floors and a convenient 2-piece ensuite awaits. For added convenience, a separate entrance leads to the fully finished second unit, offering 1 bedroom and a 3-piece bath. Recent upgrades, including a new furnace and roof installed in 2022, ensure peace of mind. With ample parking space for 4 cars in the driveway, convenience reigns supreme. Enjoy the proximity to Uptown Waterloo, Downtown Kitchener, the hospital, and Sun Life, all within walking distance. This property is zoned as part of the newly approved 'Growing Together' plan (zoning SGA-3), aligning with Kitchener’s efforts to increase density in the core. This new zoning is a green light for development opportunities on this property. There's ample space for an auxiliary dwelling unit at the rear or, a residential/commercial midrise in midtown - with no parking restrictions. (id:39198)
Location
Province
Ontario
City
Kitchener
Address
57 Glasgow Street
Postal Code
N2G2G8
Location Highlights
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Listed by
Chestnut Park Realty Southwestern Ontario Limited 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
$1,199,000
Asking Price
$1,199,000
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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