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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$524,900
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
Looking for a fantastic opportunity to build a multifamily residential project? Look no further! This fully serviced lot is a prime location for an apartment building in the rapidly growing community of Casselman! Minimal effort required to re-instate the expired permit, pay the development fees, and you're ready to start construction. Documents/plans ready for creating a 3-storey, 15-unit residential building with underground parking & elevator. Architectural plans, engineering plans, soil tests, environmental, plan of survey, and elevation survey all completed. With beautiful river views, this investment opportunity is sure to impress! Close to all major amenities, this is prime development land ready for success. Enquire about the opportunity to purchase this land together with MLS number 1383783, another prime parcel of development land in Casselman. (id:39198)
Location
Province
Ontario
City
Casselman
Address
804-806 Principale Street
Postal Code
K0A1M0
Location Highlights
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Listed by
EXP REALTY 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
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
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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
$524,900
Asking Price
$524,900
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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