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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,300,000
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
Don't miss this unique chance to own a meticulously maintained three-story, approximately 9,400 sq ft commercial building in downtown Winchester, Ontario. This property boasts versatile zoning for both ground-floor commercial and second-floor residential/commercial use, perfectly positioned in a thriving downtown. Enjoy an elevator, high-speed fiber optic internet, and eight separate hydro meters for the existing layout of eight units. Recent 2021 upgrades include the roof, furnaces, A/C units, and hot water tanks. With ample parking, over 46 spaces on two sides, and room for expansion, it's a prime 40-minute location from Cornwall and Ottawa. Winchester offers essential amenities like a full-service hospital, schools, grocery stores, shops, churches, and a Tim Hortons. The village has 2,500+ residents, with 10,000-15,000 in the surrounding area. Municipal water/sewer and natural gas services are available, making it an outstanding investment or ideal business location! (id:39198)
Location
Province
Ontario
City
Winchester
Address
457 Main Street
Postal Code
K0C2K0
Location Highlights
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Listed by
EXP 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
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
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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
$1,300,000
Asking Price
$1,300,000
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)
0
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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