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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$995,000
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
Calling all horse enthusiasts. Fantastic setup with this 25 acre farm. 3 bedroom wood siding bungalow (1328 sq. ft.) built in 1991 with recently replaced roof shingles. Walk-out basement with patio doors was designed to allow a lower level living unit for family or hired help. Outbuildings include a 34' X 50' 2 storey barn with 8 box stalls, tack room, office & hay loft. Also included is a fantastic 50' X 180' riding arena with a 22' X 40' addition which has 4 more box stalls. There is a parking area @ one end of the arena for vehicles or machinery. 4 separate fenced paddocks. This property must be seen to be appreciated. Although it is currently operating as a horse farm, it could be adapted to any type of venture that can make use of the buildings. Quick occupancy is available. Be advised that there is a spring located in the field on this property that runs year around - great for watering animals. Electric furnace with heat pump installed in January, 2024. (id:39198)
Location
Province
Ontario
City
Dalkeith
Address
22225 Binette Road
Postal Code
K0B1E0
Location Highlights
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Listed by
ROYAL LEPAGE PERFORMANCE REALTY Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
$995,000
Asking Price
$995,000
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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