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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,525,000
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
Prime commercial/residential investment opportunity in high demand Beach location next to superb shops, restaurants and cafes. Highly visible commercial storefront in a charming brownstone semi-detached building with lots of good quality foot traffic. Main floor features the fully equipped Silverbirch Laundry business included in the property sale. Upper level includes a fantastic 3 bedroom apartment with over 1000 sq ft of living space plus a deck and separate entrance. Separate door entry to storefront and to upper residence. Basement offers an office area, generous storage space and a bathroom. Access to 2 private parking spots from rear lane. Multiple building uses permitted.Excellent investment opportunity in the fabulous Beach community! **** EXTRAS **** Sellers open to VTB Mortgage. Includes sale of Silverbirch laundry business (see att for full list of inclusions & propty renovations). Lots of potential for business growth. 2 separate hydro meters. Property sold as is where is condition. (id:39198)
Location
Province
Ontario
City
Toronto
Address
935 Kingston Rd
Postal Code
M4E1S6
Location Highlights
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Listed by
FOREST HILL REAL ESTATE 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
N/A
Building Size
2,971
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
$1,525,000
Asking Price
$1,525,000
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.
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Premises Size (square feet)
2,971
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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