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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$629,000
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
Welcome to 11 Mary Walk in Elliot Lake, a rare and exciting investment opportunity that blends business, community, and entertainment all under one roof. This three-unit commercial building offers a mix of functional space and unique potential, including Elliot Lake’s only bowling alley—an iconic local attraction that comes with the sale. The first unit is a professional office space featuring four large offices, perfect for businesses, medical professionals, or service providers looking for a central location. The second unit is a spacious hall, ideal for events, community gatherings, or even a new business venture. The third unit is what makes this property truly special—Elliot Lake’s only bowling alley, a well-loved entertainment hub with an established presence in the community. Located in a prime area with great visibility, this building presents an incredible opportunity for investors, business owners, or anyone looking to take over a unique commercial space with multiple revenue streams. Whether you’re looking to grow an existing business, start something new, or expand your investment portfolio, 11 Mary Walk is an opportunity you won’t want to miss. Contact us today for more details or to book a private tour. (id:39198)
Location
Province
Ontario
City
Elliot Lake
Address
Mary
Postal Code
P5A1Z9
Location Highlights
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Listed by
LAKE CITY REALTY 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
0
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
$629,000
Asking Price
$629,000
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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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)
0
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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