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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,199,000
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
Welcome to Fonthill Flats in downtown Fonthill! This location is as prestigious and prime as you can get downtown Fonthill / Pelham, and the property Commercial and Residential investment buyers usually only dream about! This 6-year young absolute gem of a property boasts a total of 5- 2-bedroom luxury apartments and 2 main-level businesses. First is an award-winning craft brewery/restaurant with a patio, and second is a wonderful retail space fronting the main road. There was no expense spared in the construction of the apartments, all brick and stone exterior with heated aggregate walkways, exquisite cabinetry, cherry oak staircases, high-end appliances, granite countertops, beautiful millwork around windows and doors, tankless water heater, 600v power & so much more! You will be absolutely stunned by this impressive multi-use building and the potential here for many years to come. In adding this to your investment portfolio, as nothing needs to be done here and is fully leased with a very healthy cap rate! (id:39198)
Location
Province
Ontario
City
Fonthill
Address
1421 Pelham Street
Postal Code
L0S1E0
Location Highlights
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Listed by
RE/MAX Escarpment Golfi Realty Inc. Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
11,680
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
N/A
Financial Information
Yearly Rate
$3,199,000
Asking Price
$3,199,000
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)
11,680
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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