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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,000
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
RARELY OFFERED RM2-ZONED LOT IN THE HEART OF BARRIE'S CITY CENTRE! Located in Barrie's vibrant City Centre, this municipally owned vacant lot offers development potential, measuring approximately 10.06 metres wide by 63.54 metres deep (as per survey), with a total area of approximately 0.158 acres. RM2 zoning permits a wide range of residential uses, including single-detached dwellings, semi-detached homes, duplexes, various townhouse forms such as street, block, cluster, and stacked townhouses, walk-up apartments, and more. Municipal services, including hydro, water, and sewer, are available on the street. Situated in a walkable, well-established residential neighbourhood, this centrally located parcel is near the Barrie Public Library, the MacLaren Art Centre, downtown shopping, dining, and entertainment, and is just a short drive or 20-minute walk from Kempenfelt Bay and the waterfront trails. Enjoy convenient access to public transit, nearby schools, and major routes, including Bayfield Street, Dunlop Street, and Highway 400. This is a prime opportunity to contribute to Barrie's growing urban landscape in a walkable and connected neighbourhood. (id:39198)
Location
Province
Ontario
City
Barrie
Address
East
Postal Code
L4M2N4
Location Highlights
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Listed by
RE/MAX HALLMARK PEGGY HILL GROUP 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
$299,000
Asking Price
$299,000
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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