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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,550,000
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 this stunning 1.5-storey home with an attached commercial space, offering the perfect work-from-home opportunity! The commercial side, currently a photography studio, features a beautiful reception area with slate flooring, 9' ceilings, and track lighting. The spacious waiting room and studio boast hardwood flooring, French door entrances, and ample natural light. Additionally, the commercial unit includes a large basement office, abundant storage, and 2 prominent signs for business advertising. The home boasts a great floor plan, upgraded throughout with features like 9' ceilings, pot lights, and an electric fireplace on a stone wall. The kitchen is a chef's delight with upgraded ceramic flooring, stone counters, stainless steel appliances, and under-cabinet lighting. The primary bedroom offers hardwood flooring, pot lights, and a walk-out to a large balcony/deck. The fully finished basement includes a third bedroom, gas fireplace, and a 3-piece washroom. Both units have separate high-efficiency furnace and air conditioning units, as well as separate security systems. The commercial unit offers 10 parking spaces, a large yard, and a shed with hydro. (id:39198)
Location
Province
Ontario
City
Stoney Creek
Address
231 #8 Highway
Postal Code
L8G1E2
Location Highlights
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Listed by
EXP REALTY OF CANADA 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
4,060
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
N/A
Financial Information
Yearly Rate
$1,550,000
Asking Price
$1,550,000
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)
4,060
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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