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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,900
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
ocated on Canada's most Southern inhabited Island- Pelee Island. Take a short ferry ride over to experience true tranquility. A rare opportunity to own this 2 acre parcel of land on the North end of the island. Build your 'dream home' in this park-like setting, and be surrounded by a variety of native mature trees of your very own! A short walk or bike ride to the harbour, marina, restaurants, shops, & beautiful sandy beach. This is an ideal location for an Air BnB, Bed & Breakfast, or live here year round. 45 ft water well on property (4 inch casing), hydro/phone at raod, septic system required. Possibility for severence. Buyer to preform due diligence, and verify all building permit requirements with The Town of Pelee, Ontario Ministry of Natural Resources, and Essex Region Conservation Authority/Environmental Advisory Committee. Start your research at www.PELEE.org (id:39198)
Location
Province
Ontario
City
Pelee Island
Address
V/l Harris Garno Road
Postal Code
N0R1M0
Location Highlights
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Listed by
ROYAL LEPAGE BINDER REAL ESTATE - 644 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
$299,900
Asking Price
$299,900
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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