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Benefits
Asking Price
$2,599,000
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
Nestled in Bradford's bustling downtown, this investment gem offers two generous 2-BR and 2 cozy 1-BR apartments on the first floor. Above, 4 prestigious professional offices add a touch of class to the property's versatility. impeccably rejuvenated in 2016, this architectural masterpiece marries contemporary aesthetics with timeless charm. A wise hydro upgrade to 400 amps and separate meters ensure operational efficiency. Long-term, loyal tenants underscore the property's esteemed reputation in this sought-after neighbourhood. Plus, it enjoys swift across to major highways like the upcoming Hwy 400 and 404 connections. Stroll to find public transit, eclectic boutiques, schools, libraries, cultural centers, and dining options all at yur doorstep. Rare ample on-site parking is a priceless perk. Join Bradford's vibrant future. **** EXTRAS **** Cradeled in the heart of Bradford's vibrant downtown and business district, this immaculately maintained investment and income property exudes sophistication and promise. (id:39198)
Location
Province
Ontario
City
Bradford West Gwillimbury
Address
74 John St W
Postal Code
L3Z2B6
Location Highlights
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Listed by
RE/MAX HALLMARK YORK GROUP REALTY LTD. 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
7,040
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
N/A
Financial Information
Yearly Rate
$2,599,000
Asking Price
$2,599,000
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.
N/A
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)
7,040
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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