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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$875,000
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
Enjoy exceptional Privacy in the heart of Welcome Channel on Lake of the Woods! A 24+ acre estate size property with 574 feet of natural shoreline. Featuring south exposure, clear water, mature mixed forest and multiple build site options. Hydro (via submarine cable) is on-site with 200-amp service available. Sheltered by Fox Island to the south, this property enjoys open views and protection from prevailing winds. Minutes from the open waters of Ptarmigan Bay to the west and the Manitou Stretch to the east. A 25-minute boat ride from Kenora marinas. Truly an outdoor paradise with endless opportunities for sailing, boating, fishing, swimming and water sports. Currently accessible by Water (May-October) and Ice road (Jan.-March). Road access may be possible in the future as Northern Peninsula road runs past the subject property. Zoned unorganized, taxes estimated at $1,000. Inquire today! (id:39198)
Location
Province
Ontario
City
Northern Peninsula
Address
Part Loc G875 Welcome Channel Lotw
Postal Code
P0X1C0
Location Highlights
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Listed by
RE/MAX FIRST CHOICE REALTY 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
$875,000
Asking Price
$875,000
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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