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Office Building For Sale at 24 BRUCE Street S in Thornbury, Ontario

4 Sale ID #203296
Updated 04 May 2024

Asking Price

$1,195,000

Cap Rate help 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

Thornbury Commercial – Investment opportunity. Centrally located in downtown Thornbury, this commercial building features two office suites on the main level, along with one residential suite on the second floor and 5 parking spaces at back of building. Main level office space “A” has a small meeting room, private office and general office space. Office space “B” has a general office space, along with a private office. Both units share a 2pc bathroom. Second floor residential suite is a 2-bedroom, 1 bathroom apartment with open concept kitchen/living/dining area and finished storage room. Significant upgrades in 2023 include front overhang, roof membrane/flashing/chimney repair, metal stairs at back of building and gravel/grading of parking lot in 2022. Steps to Georgian Bay and only minutes to all the area’s amenities. (id:39198)

  • MLS® : #40537761
  • Date Listed : 07 Feb 2024

Location

Province

Ontario

City

Thornbury

Address

24 Bruce Street S

Postal Code

N0H2P0

Location Highlights

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Listed by

Royal LePage Locations North (Collingwood), Brokerage Ontario listing

Category

office-buildings

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

2,453

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,195,000

Asking Price

$1,195,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

2,453

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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