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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,990,000
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
Lot Size
N/A
Building Size
N/A
Premise Summary
This beautiful 6,000sq ft mixed use building in the heart of New Toronto offers 2,583 sq ft ground floor retail unit (with functional basement not included in sq ft) with 30ft frontage with floor to ceiling windows, currently tenanted, 5 legal residential units (100% tenanted), upgrades throughout, ample street parking. Surrounded by boutique shopping, parks, family homes and minutes from Lake Ontario. AAA Retail Tenant on ground floor/basement, Five total residential units on second floor (4 bachelor, 1 two-bedroom), 2 bachelor units vacant looking for tenant's at $1600/month. This is a completely Turn key investment property. **** EXTRAS **** Existing exhaust hood for restaurant use w fire suppression system, Hwt (owned). Retail unit 200 amps, 3 indiv metered residential units 60 amps, 2 residential units & common area 120 amps. Retail unit 9 ft ceilings, basement 7ft ceilings (id:39198)
Location
Province
Ontario
City
Toronto
Address
3039 Lake Shore Blvd W
Postal Code
M8V1K5
Location Highlights
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Listed by
KELLER WILLIAMS ADVANTAGE REALTY 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
6,000
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
N/A
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
$1,990,000
Asking Price
$1,990,000
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)
6,000
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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