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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,499,000
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
Located in Rural Erin, 5192 Third Line is an 87.6-acre equestrian property with 40 acres of productive farmland generating reliable hay income. The property features a 100+ year old stone farmhouse and well-maintained equestrian outbuildings, including a barn with 31 box stalls, six tack rooms, indoor arena, and a bank barn with hay loft. Outdoor amenities include a 100 ft x 200 ft sand ring, grass riding area, and eleven turnout paddocks plus automatic waterers & newer flex rail fencing. The farmhouse offers just under 3000 sqft of finished living space with 4 bedrooms and 1.5 baths, while the finished attic loft adds flexibility. This property is a dream for horse enthusiasts with significant income potential. Turn this into your dream equestrian paradise! (id:39198)
Location
Province
Ontario
City
Erin
Address
5192 Third Line
Postal Code
L7J2L8
Location Highlights
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Listed by
ROYAL LEPAGE ROYAL CITY REALTY LTD. 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
$3,499,000
Asking Price
$3,499,000
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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