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Office Building For Sale at 74 JOHN ST W in Bradford West Gwillimbury, Ontario

New
4 Sale ID #229608
Updated 05 May 2024

Asking Price

$2,599,000

Cap Rate help 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)

  • MLS® : #N8261588
  • Date Listed : 23 Apr 2024

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

office-buildings

Property Information

Premise Status

N/A

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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 help 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 help 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 help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

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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