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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$664,900
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
Step into the realm of possibility with this Century Home, a gem adorned with the coveted Urban Commercial zoning, offering a tapestry of opportunities limited only by your imagination. Picture your dream business flourishing within its walls—a serene medical office, grand professional offices, a cozy bake shop emitting tantalizing aromas, or perhaps a chic restaurant beckoning patrons with its culinary delights. Nestled just 20 minutes away from bustling Kingston, this haven of commerce stands as a beacon of visibility, inviting entrepreneurs to make their mark in a vibrant community. With nearly 3000 sq ft of space to mold and shape, this home presents a canvas awaiting your creative brushstrokes. Discover the allure of 5 spacious bedrooms, 2 bathrooms, and not one, but two inviting wraparound porches, enticing guests to linger and savor the ambiance. Step outside to the back garden onto the expansive deck, spanning the width of the house, walk your kayak or paddle board a few doors down to Verona (Rock) Lake—a tranquil retreat just beyond your doorstep. Ascend to the vast attic loft, a sanctuary of endless possibilities, boasting towering vaulted ceilings ripe for transformation into your personal oasis of your choosing—a cozy theatre room for cinematic escapes, an inspiring artist's loft, or a serene workout/yoga haven. As you traverse the halls, be enchanted by the home's rich character—towering 9’ 4” ceilings, a majestic foyer adorned with a grand staircase, and the timeless warmth of pine floors complemented by oak accents. Don't let this opportunity slip through your fingers—immerse yourself in the charm and potential of this unparalleled Century Home, a testament to the art of living and thriving in a space steeped in history and promise. (id:39198)
Location
Province
Ontario
City
Verona
Address
6724 Highway 38
Postal Code
K0H2W0
Location Highlights
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Listed by
Century 21 Heritage Group Ltd., Brokerage 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
2,872
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
$664,900
Asking Price
$664,900
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.
N/A
NOI Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
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.
N/A
Premises Size (square feet)
2,872
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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