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Land For Sale at 640 MCCOWAN RD in Toronto, Ontario

4 Sale ID #141497
Updated 28 Apr 2024

Asking Price

$3,000,000

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

Lot Size

N/A

Building Size

N/A

Premise Summary

Excellent Location Factor, Steps to Future TTC Subway. Potential Re-Zoning to Mixed -Use Development. This Property is Suitable For Investor/Developer. Excellent Lot Assembly. Excellent Family Investment Portfolio at Metrolinx. House Built in 1957. Copy of Survey Dated 08 March 2021. **** EXTRAS **** Detached Bungalow- 3 Br, 2 Bath, All ELF's, GB& E. CAC. Seller Spent Thousands on Upgrades. Fully Fenced Yard, Move In Ready. (id:39198)

  • MLS® : #E6636326
  • Date Listed : 04 Jul 2023

Location

Province

Ontario

City

Toronto

Address

640 Mccowan Rd

Postal Code

M1J1K3

Location Highlights

N/A

Listed by

RE/MAX ALL-STARS REALTY INC. Ontario listing

Category

land

Property Information

Premise Status

N/A

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

5,371

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 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

$3,000,000

Asking Price

$3,000,000

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.

N/A

Gross Revenue- annual

N/A

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)

5,371

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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