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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,188,000
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 2-storey mixed-use Commercial/ Residential investment opportunity in the heart of Leaside and on the best block on Bayview between Manor and Millwood. Deep Lot With 4 car parking, Currently occupied by a AAA Tenant uses approx. 1600 sf includes Main floor Retail and Finished basement for food prep and storage area; includes 2 car parking; leased to 2029 with an additional 5 yr renewal option; 2nd fl currently tenanted approx. 830 sf and reno'd 2012 includes 2 bdrms, 1 bath; ensuite laundry, 2 egress, 2 car parking. Highly desirable location with New Condo & Commercial Developments Nearby Creating High Foot Traffic. Enjoy Restaurants, Shopping, Cafes, and steps from future L.R.T Station and TTC. (id:39198)
Location
Province
Ontario
City
Toronto
Address
1627-1629 Bayview Ave
Postal Code
M4G3B5
Location Highlights
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Listed by
HARVEY KALLES 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
2,400
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
$2,188,000
Asking Price
$2,188,000
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.
N/A
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)
2,400
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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