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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,500,000
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
Opportunity to own a large corner property with over 54' of frontage on St. Clair Ave. W. Presently configured with 2 commercial Tenant's on main floor w/ 4 large apartments on second floor. ** Second floor apts. can be vacant possession on closing. ** 2 long-term commercial restaurant tenants with fully equipped kitchens on main floor and basement are 'month to month' willing to stay at market rents. 3 car parking and restaurant patio on side boulevard (rented from city). **** EXTRAS **** ** Seller may consider VTB, 1st mortgage for 3 years, at 5%, interest only. ** Recently installed boiler. Excellent location with a number of new mid-rise developments built and planned within 500 meters of property (id:39198)
Location
Province
Ontario
City
Toronto
Address
1002 St Clair Ave W
Postal Code
M6E1A2
Location Highlights
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Listed by
BOSLEY REAL ESTATE LTD. 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
8,986
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
$4,500,000
Asking Price
$4,500,000
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)
8,986
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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