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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,900
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
Discover the ideal fusion of work and living at 1410 Balfour St in Fenwick. This property boasts a charming residential dwelling featuring 2 bedrooms and 1 bathroom which was just recently freshened up, alongside a commercial building that could be used as a workshop, garage and/or storage. The commercial building already does have one commercial tenant renting which provides extra income. The expansive 118 by 280-foot lot, zoned for commercial-rural use, provides limitless potential. Nestled in a prime location, it's a versatile space that could be tailored to your lifestyle. Don't miss the chance to make 1410 Balfour St your unique haven—where creativity meets comfort. The building is 5272 sqft total. 3810 sqft is the main floor plus 1462 sqft upstairs. The house is 810 sqft with an unfinished basement. The tenant rents the front part of the commercial building. HOUSE ROOM SIZES: Kitchen: 12’ 5” BY 8’ 9” Living Room: 20’ BY 12’ 6” Bedroom 1: 9’ BY 12’ 2” Bedroom 2: 9’ BY 8’ 6” Bath: 9’ BY 5’ (3PC) (id:39198)
Location
Province
Ontario
City
Fenwick
Address
1410 Balfour Street
Postal Code
L0S1C0
Location Highlights
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Listed by
ROYAL LEPAGE NRC REALTY Ontario listing
Category
Property Information
Premise Status
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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
5,272
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
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Financial Information
Yearly Rate
$799,900
Asking Price
$799,900
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)
5,272
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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