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Land For Sale at LOT 4 BARNUM HOUSE RD in Alnwick/haldimand, Ontario

4 Sale ID #197317
Updated 29 Apr 2024

Asking Price

$450,000

Cap Rate help 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

This beautiful 2.2 Acre, partially cleared Lot is ready for your new Home. Situated on a cul-de-sac, for little traffic & wonderful privacy, while being within minutes of the 401, Cobourg & Grafton, home of the famous St. Anne's Spa. Grafton is an area of fine homes but with small town charm and quick access to Lake Ontario & the Conservation Area. Steady income from the solar panels will continue until 2032. Buyer to assume solar contract. Solar income averages $10,000 per year. Tax amount based on vacant land. Buyer to do their due diligence regarding permits, fees, building, taxes and solar panels. Development fees paid at the time of severance - any increases in fees are Buyers responsibility. Income history & Survey Available. HST applies to sale, however, Buyer must register for HST to assume solar panel contract. Plz do not walk the property without an appt & permission. (id:39198)

  • MLS® : #X8008340
  • Date Listed : 15 Jan 2024

Location

Province

Ontario

City

Alnwick/haldimand

Address

Lot 4 Barnum House Rd

Postal Code

K0K2G0

Location Highlights

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Listed by

REAL BROKER ONTARIO LTD. Ontario listing

Category

land

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$450,000

Asking Price

$450,000

Cap Rate help 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.

N/A

NOI help 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 help 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 help 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

N/A

Market Competition

N/A


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