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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,900
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
Welcome to the Foothills newest subdivision at Manning Place!! This Single Family Home Lot allows for a legal suite. Plans are drawn for this 5 bedroom home with 4 for main & 1 bedroom suite, over 3 levels. Great room plan with open kitchen, dining and living leading to covered sundeck to take in the spectacular sunny morning view. Primary w/ double vanity ensuite & walk-in closet, laundry & powder rm make up the main. Upstairs are 3 generous sized bedrooms, full bathroom also w/ double vanity & don't miss the Media room! The above grade self-contained suite with its own great room plan has 1 bedroom, 1 bathroom & a bonus den/office. Side entry for tenant and owner privacy & accommodated tenant parking. Double Garage and additional 2 car uncovered driveway parking for 5 spaces in total are ideal for the entire family. Incredible value on this new built modern home in a highly sought after area 15 minutes to Silver Star Skihill, 10 minutes to town. Walking distance to Elementary school & on bus route for High school. The sale of this lot is contingent on the Buyer entering into a building contract with the Developers Construction Company. (id:39198)
Location
Province
British Columbia
City
Vernon
Address
Lot 2 Manning Place Unit# 2
Postal Code
V1B5Y2
Location Highlights
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Listed by
RE/MAX Vernon British Columbia 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
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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
$299,900
Asking Price
$299,900
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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