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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,495,000
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
Beautifully redone residence overlooking the Niagara River situated on manicured 1.25 acre parcel, complete with 4 car detached garage, in-ground swimming pool. Prior use was a duplex with an art gallery on main floor. Please review Zoning Bylaw No. 500MW-99. Stunning natural wood floors, trim, pocket doors and staircases painstakingly restored by the current owner. The home currently set up with 3 rooms with private baths on the main floor, living room, dining room and kitchen. 2nd floor 2 additional rooms for guests/family with private baths, owners area with custom kitchen, great room with gas fireplace, large bedroom and bath plus walkout to large deck with view of the river. 3rd floor office, laundry room and another full suite with combo living/sleeping area, spiral staircase to the 4th floor. Over 6,000 sq. ft. finished living space. The exterior finishing is Hardy-board, complete with aluminum soffits, facia and commercial grade gutters. Cedar shake roof. Windows replaced. Electrical done. 2 gas forced air furnaces, 2 air-conditioning units and 2 gas hot water tanks. Basement with over sized windows, potential for finishing. 3 decks, sit out front porch plus large stone patio. Next to the garage a very private in-ground pool and lounge area. Perfect B and B or stunning Family Retreat for a large family and great for entrepreneurs. Endless possibilities in a beautiful Niagara-on-the-Lake setting. A few minutes past historic Queenston as well as a short drive to Old Town, Shaw Theatre, numerous wineries, distilleries, easy access to US border and highways. (id:39198)
Location
Province
Ontario
City
Niagara On The Lake
Address
14902 Niagara River Parkway
Postal Code
L0S1J0
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
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
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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
$3,495,000
Asking Price
$3,495,000
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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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)
6,000
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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