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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$629,000
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
Looking for a fabulous investment opportunity in a great location? Look no further! This property is currently set up as a medical spa/clinic and two residential units. 1 large bedroom in residential suite A & 1 bedroom in suite B. Offices can be converted to bedrooms. Zone 3 commercial zoning allows for many other potential uses, including recreation, daycare, boat/automotive, retail, restaurant, and more. You could live in one unit and run your business in the other! The property is conveniently located close to HWY 400, retail, and restaurants, and boasts ample parking. Don't miss out on this fantastic chance to start or expand your portfolio! **** EXTRAS **** Easy To Open A Clinic Or Medical Business. Potential To Live In One Unit & Rent The Other. Bright & Spacious. Turkette Safety Floors Throughout. Main Building Renovated In 2016. Newer Hvac. (id:39198)
Location
Province
Ontario
City
Parry Sound
Address
17 John St
Postal Code
P2A1R6
Location Highlights
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Listed by
ROYAL LEPAGE CONNECT 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
2,409
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
$629,000
Asking Price
$629,000
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)
2,409
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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