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Retail Property For Sale at 17 WELLINGTON ST in Aurora, Ontario

4 Sale ID #186628
Updated 05 May 2024

Asking Price

$1,350,000

Cap Rate help 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

Lot Size

N/A

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)

  • MLS® : #N7351540
  • Date Listed : 11 Dec 2023

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

retail-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

8,110

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,350,000

Asking Price

$1,350,000

Cap Rate help 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 help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

8,110

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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