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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,850,000
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 55226 Best Line, just 10 minutes to TIllsonburg, this equestrian farm is what dreams are made of! Built in 2011 the barn is 80' X 215' it is insulated and finished with ash hardwood. Featuring and 80' X 160' riding area, 80' X 15' viewing area that is completely finished with hardwood, 80' X 40' barn with 6 - 12' X 14' stalls, 14' X 12' wash bay w/ hot water. There is a 12' walkway down the centre of the stalls with padding on cement and padding under all stalls. Finished tack room, hay storage at the end with room for 250 small bails on each side (500 total), 2PC bathroom - this barn is right out of the movies - you can't help but be incredibly impressed! 15' leanto along the side of the barn and large covered front porch. Speaker system throughout the barn and outdoors, perfect for hosting large events. There are cattle pens at the back of the barn. Barn could be converted for dairy/goat operations, or whatever needed to suit new owner. 40 workable acres are tiled, and there is a 3acre (appx) pasture split into 2 with gate access to connect. Bush area at the back features trails and a sugar shack. Field extends behind bush area. Pond is on west side of property. 30' X 50' shop with 9' doors, 3 bays, 2 with auto garage door openers near house. Barn has its own septic system and sandpoint well shared with shop. Sandpoint has new pump, lining in 2022. Please see MLS: 40524364 for more information about the home, pool and yard. (id:39198)
Location
Province
Ontario
City
Elgin
Address
55226 Best Line
Postal Code
N5H2R3
Location Highlights
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Listed by
Re/Max a-b Realty Ltd Brokerage 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
3,985
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
$3,850,000
Asking Price
$3,850,000
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)
3,985
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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