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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,299,000
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
Prime Live-Work Opportunity in Ottawa St District: Art Gallery/Studio + Residence + Development Potential Unlock the potential of a dynamic live-work property with this extraordinary mixed-use property nestled in the vibrant Ottawa St district. Boasting a current setup as a Retail and Art Gallery/Studio plus a spacious 2,150 SF residence above, this property is an unrivaled opportunity. Benefit from C2 zoning, offering a wide spectrum of possibilities for business and residential utilization. Explore retail ventures, medical practices, office spaces, or commercial service businesses—all within the permissible uses outlined by C2 zoning. Positioned within one block of Ottawa shopping and a mere 700 meters from the future LRT stop, this property is strategically located for both convenience and growth. Seamlessly integrate your live-work lifestyle within the evolving landscape of Ottawa St. As Ottawa St continues to thrive and with the future LRT stop nearby, Capitalize on the area's growth potential and secure a space that not only meets current needs but adapts seamlessly to future trends. This property is more than just a space; it's a canvas waiting for your vision. Seize the opportunity to shape your live-work environment and make an investment in this exciting neighbourfood. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
1165 - 1167 Cannon Street E
Postal Code
L8L2J9
Location Highlights
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Listed by
Royal LePage Burloak Real Estate Services 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
5,350
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
N/A
Financial Information
Yearly Rate
$2,299,000
Asking Price
$2,299,000
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)
5,350
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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