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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,350,000
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 17 Wellington St. Built in 1860, this 2 storey Georgian stuccoed house remains as one of the few surviving pre-confederation houses in Aurora. Located in Aurora village, this historical property sits on a 161 ft deep lot. Featuring, 3 self containing one bedroom units, and 4 total baths. Rear garage converted into 5 individual rental storage units. Fully tenanted, high income generating property in prime downtown, Aurora. Walking distance to Transit (Go Train, Bus) Restaurants, Grocery, Entertainment, Community Centre, and so much more. (id:39198)
Location
Province
Ontario
City
Aurora
Address
17 Wellington St
Postal Code
L4G1H4
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
8,110
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
$1,350,000
Asking Price
$1,350,000
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)
8,110
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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