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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$59,000
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
Private, Treed Building Lot – Just 30–40 Minutes from Sudbury! Looking to build your dream home in a peaceful, natural setting? This approx. 1.5-acre vacant land could be exactly what you're searching for. Located just off Lorne Falls Road, with easy access via the bypass near Lively, you're a quick drive to the amenities of both Lively and Espanola. In June 2022, a culvert and driveway were professionally installed, giving you a head start on development. The property is heavily treed with stunning, mature pines, offering excellent privacy and a serene, forested backdrop. This area is perfect for outdoor enthusiasts, offering countless opportunities for recreation year-round. Whether you're imagining a cozy cabin or a custom family home, this private country lot at the city's doorstep offers the best of both worlds. (id:39198)
Location
Province
Ontario
City
Worthington
Address
Lorne
Postal Code
P0M3H0
Location Highlights
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Listed by
RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY) 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
$59,000
Asking Price
$59,000
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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