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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$789,000
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 the heart of Meaford's bustling downtown, where an exceptional commercial opportunity awaits. Nestled in a prime location, this appealing brick building offers multiple revenue streams. On the main floor are 2 commercial units. The front unit, bathed in natural sunlight with large street facing windows, features a spacious 915 sq ft layout, complete with an accessible side entrance, a well-appointed bathroom, and convenient access to the basement. The rear commercial unit offers another 700 sq ft of open space for flexibility and functionality, complemented by its own two private bathrooms. Upstairs, a vacant charming 2 bedroom residential apartment spanning 1,000 sq ft provides another revenue stream. It offers in-suite laundry, large south facing windows, and a back sun deck. The bathroom was completely renovated and an on demand hot water installed in 2021. With its strategic layout and proximity to downtown amenities including Meaford's waterfront, this property caters **** EXTRAS **** to entrepreneurs seeking a dual commercial and residential investment in the thriving heart of Meaford. Don't miss your chance to own a piece of this dynamic and growing community! (id:39198)
Location
Province
Ontario
City
Meaford
Address
16 Trowbridge St W
Postal Code
N4L1N2
Location Highlights
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Listed by
RE/MAX HALLMARK CHAY 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
2,615
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
$789,000
Asking Price
$789,000
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)
2,615
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
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Market Competition
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