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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$949,900
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
Welcome to McFarland House, currently operating as Queen Street Health Collective. This iconic craftsman-style property located in the heart of City Park, and just steps from the river, offers over 2400 sq ft of space. Brimming with original character and charm, the main floor features stunning oak and maple hardwood floors, original quarter-sawn oak paneling, and 2 fireplaces. In 2004 the property went through an award-winning restoration and renovation which rejuvenated the original character. In 2011 the basement was renovated with reinforced steel beams, insulated and rebuilt using pressure-treated walls, in-floor heat, and a built-in sound system. A carved labyrinth on the floor creates an ideal space for meditation while offering a truly unique feature. Located within walking distance of City Hospital, Kinsmen Park, Nutrien Wonderhub, and dining & coffee shops, this M2-zoned building offers private offices, boardroom space, plus a yoga/meditation studio. Don't miss this once-in-a-lifetime opportunity to own a piece of history on a prime piece of land! (id:39198)
Location
Province
Saskatchewan
City
Saskatoon
Address
716 Queen Street
Postal Code
S7K0M9
Location Highlights
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Listed by
Century 21 Fusion Saskatchewan 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
2,408
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
$949,900
Asking Price
$949,900
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)
2,408
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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