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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,980,000
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 an exceptional commercial property opportunity perfectly suited for service or retail ventures. This spacious unit, currently utilized as a Massage and Chiropractic Clinic, is strategically located with excellent visibility on Lawrence Ave & Birchmount Rd. This prime location offers outstanding investment potential with many permitted uses allowed, including health care, school, restaurant, and more.Features: 1. Prime Location: Situated in a highly accessible area, ideal for public transactions and foot traffic. 2. Spacious Layout: Ample square footage provides versatility for a range of business activities. 3. Mezzanine Add-On: Benefit from additional space with a sizable mezzanine, perfect for expanding operations or creating a unique ambiance. 4. Six Rooms: Organized layout featuring six rooms, offering flexibility for diverse usage. 5. Accommodation: Two of the rooms are equipped with two beds each, catering to a range of service-oriented businesses. The two residential buildings above are fully occupied.This property presents an exceptional opportunity for entrepreneurs looking to establish or expand their service or retail presence in a bustling location. Don't miss out on the chance to make this versatile space your own. Schedule a viewing today to explore the potential of this remarkable commercial property. **** EXTRAS **** Spacious mezzanine add-on can be used as storage, stuff rest area and laundry. Two Underground Parking Lots, One Bicycle Locker. Heating and Cooling System. Two Wash Rooms. (id:39198)
Location
Province
Ontario
City
Toronto
Address
#103 -2152 Lawrence Ave E Ave
Postal Code
M1R0B5
Location Highlights
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Listed by
RIGHT AT HOME REALTY 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
1,875
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
$1,980,000
Asking Price
$1,980,000
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)
1,875
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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