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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$570,000
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
CENTRALLY LOCATED 66 X 166 FT VACANT LOT ACROSS FROM MULLIGAN'S POND WITH FLEXIBLE RM1 ZONING! Some opportunities invite you to renovate, others invite you to create, and this centrally located vacant lot offers the freedom to design a home that reflects your lifestyle from the ground up. Set on a quiet, no-through street across from Mulligan's Pond, this 66 x 166 ft lot sits in Barrie's Lakeshore neighbourhood with everyday conveniences close at hand. Centennial Beach and the waterfront are within walking distance, while downtown Barrie, daily essentials, entertainment, dining, shops, the library, the GO Station, and major commuter routes are all less than a five-minute drive away. RM1 zoning supports a wide range of residential and live-work possibilities, including single-detached, semi-detached, and duplex dwellings, second suites, detached accessory units, bed-and-breakfast use, child care, and home occupations, with hydro and gas available at the lot line. Buyer is responsible for all development charges, permits, and associated fees. Start dreaming, start sketching, and start planning a home that finally lives up to the location. (id:39198)
Location
Province
Ontario
City
Barrie
Address
Perry
Postal Code
L4N2G3
Location Highlights
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Listed by
RE/MAX HALLMARK PEGGY HILL GROUP REALTY 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
$570,000
Asking Price
$570,000
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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