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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$190,000
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
Beautiful 1 acre building lot ideally located just beyond the Cornwall city boundary, offering the perfect balance of peaceful country living with city convenience. Situated on Tyotown Road near Purcell Road, this property is only minutes from Cornwall Business Park, major warehouses and logistics centres offering the potential for a less than 5 minute commute to excellent employment opportunities. Three neighbouring lots have already been developed with stunning custom homes, adding to the appeal of this growing and desirable area. Hydro and natural gas are available at the property, and included with the lot are approved plans for a spacious 2 storey home featuring 5 bedrooms, 5 bathrooms, and a double attached garage, with open-concept main-floor living, a second-level primary suite with ensuite and walk-in closet, additional bedrooms with ensuites, a second-floor lounge, covered outdoor living areas, and a modern exterior with stone and siding accents, allowing you to start your build this spring. Enjoy a quiet, scenic setting surrounded by open fields, while being just close by to several excellent schools. A fantastic opportunity to build your dream home in a developing location close to town. Reach out now for more information. (id:39198)
Location
Province
Ontario
City
South Glengarry
Address
Lot Tyotown
Postal Code
K6H7S6
Location Highlights
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Listed by
RE/MAX AFFILIATES MARQUIS LTD. 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
$190,000
Asking Price
$190,000
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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