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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,500,000
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 development land at the northwest corner of Spry Avenue and Baseline Road. Good access to Highway 401 and Highway 407. 3.3 acres or 1.335 hectares. As per a 2024 Municipal Zoning Order, the permitted uses are residential including link townhouses, stacked townhouses, street townhouse and apartment building. Minimum density is 60 units per hectare and maximum is 100 units per hectare. Apartment buildings can be from two to six storeys. The Buyer is to satisfy themselves regarding zoning and potential uses. The Municipality of Clarington reserves the right to accept any offer and not necessarily the highest offer. Offers are to be conditional for 60 days after acceptance, upon council approving the agreement. (id:39198)
Location
Province
Ontario
City
Clarington
Address
Baseline
Postal Code
L1C4K9
Location Highlights
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Listed by
RE/MAX JAZZ 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
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
$4,500,000
Asking Price
$4,500,000
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
N/A
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