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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,599,900
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
ONCE IN A LIFETIME WITH ALMOST 8000 SQ FT OF TOTAL SPACE! - Have your own business cut down on your commute, run it from home, dreaming about starting your own business DON'T WAIT this home is perfect and also offers a partially finished walk-up basement for adult children still at home, in-laws or rental income to supplement the mortgage. This property offers a beautiful home with amazing flr plan with all the bells and whistles. Best of all is the separate out building with a reception area, two offices and a bathroom giving it the wow factor for any home business. The possibilities are endless on the uses for this space, let your imagination take you away. Currently per zoning permit 500+ sq ft is used for home medical business, there is also a golf simulator and loft area in this building. As if that is not enough the property also has a large workshop area perfect for the hobbyist or crafter alike. This home checks ALL the boxes inside and out. (id:39198)
Location
Province
Ontario
City
Norfolk
Address
#5 -565 Charlotteville Rd
Postal Code
N3Y4K1
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
1,952
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
$1,599,900
Asking Price
$1,599,900
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)
1,952
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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