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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$399,900
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
Are you looking for a private and secluded property with waterfront access? Look no further than this stunning 158-acre property situated in the beautiful District of Timmins. This vacant residential land boasts approximately 500 feet of pristine water frontage on Finns Bay, offering breathtaking views of the surrounding landscape. The property also includes a 10-acre pond, perfect for other water activities.With road access via Finns RD, this property is easily accessible from the organized township. The boundary survey conducted in 2022 ensures that you have an accurate representation of the property's boundaries, giving you peace of mind when planning future developments.A portion of the land has been select harvested approximately 10 years ago, making it perfect for hunting and outdoor recreational activities. Additionally, the property's taxes are only $1508, making it an affordable and attractive investment opportunity. Whether you're looking for a place to build a vacation home or a permanent residence, this property is the perfect canvas to create your dream space. Don't miss out on the chance to own this stunning property on the shores of Finns Bay. Call today to learn more! (id:39198)
Location
Province
Ontario
City
Timmins
Address
Pcl 797 Finn Rd
Postal Code
P4N1B3
Location Highlights
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Listed by
Exit Realty True North 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
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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
$399,900
Asking Price
$399,900
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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