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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,997
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 is an INCREDIBLE OPPORTUNITY to own 2 COMPLETELY SEPARATE COTTAGES on ONE PROPERTY! Situated on approximately 1.5 acres, these self-contained, fully furnished cottages each possess their own hydro meters, drilled wells, laundry facilities, and heating/cooling systems. #364 (yellow doors) stunningly updated 2 bedroom cottage with a great sized deck and an attached storage shed/workshop. Eat-in kitchen with ss appliances, granite countertops and pantry space. Spacious living room, 4pc bath and laundry. Patio door access to the wrap around deck. This cottage is complete with a H/E heat pump/AC unit, new flooring and a convenient screened porch/mudroom- perfect for easy access to life jackets, paddles, fishing poles, etc. #372 (blue doors) open concept living areas including an updated kitchen with quartz countertops, an island with a breakfast bar, and ss appliances, a lovely dining area and a cozy living room space. 3 spacious bedrooms, an updated 4pc bath and laundry. **** EXTRAS **** With 209' of water frontage including a dock and firepit area in addition to the gazebo, storage shed, and bunkie (as is), this property is a unique opportunity for investors, families, and friends alike. (id:39198)
Location
Province
Ontario
City
Tudor And Cashel
Address
#& 364 -372 Gunter Lake Rd
Postal Code
K0L1W0
Location Highlights
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Listed by
ROYAL LEPAGE ROYAL CITY REALTY LTD. 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
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
N/A
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
$899,997
Asking Price
$899,997
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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