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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,000
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
WHAT A RARE FIND! 39 ACRES IN TOBERMORY - Right in town, this 39.5 acre parcel is a short distance to many of Tobermory's great attractions (The Grotto, Singing Sands Beach, the Chi-Cheemaun ferry, scuba diving, & more!). With over 2350ft. of road frontage, PLUS the property abuts an unopened road allowance for additional privacy! While being tucked away and well treed, you'll love being able to bike/walk into town. The property is located on a year-round paved roadway and features beautiful landscapes. This corner property has road frontage on two sides - Great investment potential! Currently, the property is zoned Rural Residential. Next door, you'll also find the Parks Canada Visitor Centre - a great neighbour! Hop on their trail and walk into downtown for dinner or to shop! Or explore the Bruce Trail with access close by. Tobermory offers an airport, amenities and health clinic. Property was recently surveyed. Whether for personal use to build your dream home/cottage, or as an investment property, this is a rare find with such large acreage in town! - Contact your REALTOR® today to learn more about this beautiful property. (id:39198)
Location
Province
Ontario
City
Northern Bruce Peninsula
Address
Pt Farm Lt 4 Chi Sin Tib Dek Road
Postal Code
N0H2R0
Location Highlights
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Listed by
RE/MAX GREY BRUCE REALTY INC Brokerage (Tobermory) 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
$799,000
Asking Price
$799,000
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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