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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,199,000
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 commercial building with 2 residential units! Ideal Location! Perfect investment opportunity! The ground floor commercial unit is Convenience Store with Cigarette and Lottery, equipped with thermopane glazed windows, inserted in anodized aluminium framing, while the residential units feature vinyl- clad, double-pane windows. The subject property's basement is full and unfinished, primarily suitable for storage. The second floor has a two 2- bedroom residential units. Unit # 1, accessible from the front of the building via a separate entrance from the commercial unit and Unit # 2 accessible from the rear of the building via the metal staircase. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
230 Kenilworth Ave N
Postal Code
L8H4S2
Location Highlights
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Listed by
HOMELIFE/DIAMONDS REALTY INC. 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
5,143
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
$1,199,000
Asking Price
$1,199,000
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)
5,143
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
N/A
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