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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$825,000
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
N/A
Building Size
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Premise Summary
Opportunity is Knocking! - This is one of Kenora's iconic landmarks that is set in the perfect downtown location steps away from the cross roads of Main St and Second St. The building has had extensive upgrades over the years and offers excellent solid commercial tenants on the main floor. The building features three commercial spaces on the main floor and three spacious apartments on the upper level (2- two bedroom units and 1-one bedroom unit) - all units on both levels are currently leased and/or rented. Highlights include many upgrades including heating, roof, new rear access, renovation of two of the apartments and so much more. A great investment in the heart of Kenora. Call today to schedule a viewing. (id:39198)
Location
Province
Ontario
City
Kenora
Address
209 Second St S
Postal Code
P9N1G1
Location Highlights
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Listed by
RE/MAX NORTHWEST REALTY LTD. Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
4,160
Year Built
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Years Remaining in Current Lease Term
N/A
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
$825,000
Asking Price
$825,000
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)
4,160
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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