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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$8,999,900
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 epitome of suburban sophistication at 39 Mallard Trail, this unmatched opportunity is presented to you in a sought after growing neighborhood of Waterdown. This building permit ready development is waiting to be built for you. Featuring over 15,000 ft. that includes 7 spacious beautifully designed residential units along with 5 commercial units complete with 13 surface parking spaces. 39 Mallard Trail is located in the heart of Waterdown South secondary plan, which is the largest residential development project currently underway in Canada. Directly across the street is Trend Living (774 units) which is expected to be completed by the end of 2024, as well as a future condo development that will consist of 600 suites, ensuring high traffic for commercial use. Permitted uses include but not limited to, clinical (dental physicians, etc.), place of recreation, restaurant, convenience or fast food, finance institutions and more. Each 2 to 3 bedroom residential unit boasts over 1300 ft. with two floors of living space. Convenience is key - within an eight minute drive time you will find Walmart, Aldershot GO station, Highway 403 and the QEW, with Hamilton airport only 24 minutes away. In less than 15 minutes, you can be in downtown Hamilton or Burlington. Designed by award winning developer, New Horizon Development Group, this project sets a new standard for suburban living with its dynamic architecture. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
39 Mallard Tr
Postal Code
L8B1Z2
Location Highlights
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Listed by
RE/MAX ESCARPMENT REALTY INC. 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
15,000
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
$8,999,900
Asking Price
$8,999,900
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)
15,000
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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