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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$925,000
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
This updated mixed-use 2.5 storey investment property at the corner of Homewood and Dundurn St S has 2 addresses: 212 Homewood gives direct access to the stairs leading up to the 2 level, 2 bedroom apartment that occupies the 2nd floor and attic level. The main floor commercial level is currently rented by local bakery, Batches (current lease until March 2025) - this unit is typically identified via the storefront as 321 Dundurn St S - equipment is owned by the landlord and included in the sale price of the property. The commercial level includes a fully functioning commercial kitchen washroom, retail storefront, walk in fridge and full basement for additional storage. Property includes 2 separate HVAC systems for the 2 units for separate temperature controls. See virtual tour link for more photos and don't miss the floor plans. This is a unique opportunity, having housed a solid community focused bakery for over 12 years, it offers up consistent customer flow and remains a key destination in the community for the new tenant. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
212 Homewood Avenue
Postal Code
L8P2M5
Location Highlights
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Listed by
Coldwell Banker Community Professionals Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
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Lot Size
N/A
Available Space
N/A
Building Size
1,946
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
$925,000
Asking Price
$925,000
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.
N/A
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.
N/A
Premises Size (square feet)
1,946
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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