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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$459,900
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
| NORWOOD | Charming Century Building in the Heart of Norwood | Live, Work, or Invest! | Step into history with this completely charming century building located in the heart of Norwood. Boasting over 1,200 square feet of commercial space on the main floor, formerly home to the beloved ""Lynn's Flowers & Gifts,"" this space offers endless potential for your entrepreneurial dreams. The commercial area features a still-operational cooler, perfect for various business endeavours. Above, a spacious three-bedroom, one-bath apartment spanning 850 square feet offers comfortable living quarters or additional rental income. Enjoy the convenience of an updated building including a new ductless system installed in spring 2023 in the upstairs residential unit. Renovations in 2010/11 included a new natural gas boiler, windows, and doors, ensuring modern comfort while preserving the building's historic charm. Benefit from flexible zoning, allowing for a multitude of purposes, and capitalize on the pedestrian-friendly location, ideal for attracting customers. Whether you're looking to live and work under one roof or seeking an investment opportunity, this property offers versatility and potential in a prime location. Don't miss your chance to own a piece of Norwood's rich history - schedule your viewing today! **** EXTRAS **** Municipal parking on street and municipal parking lot behind (across street). (id:39198)
Location
Province
Ontario
City
Asphodel norwood
Address
2353 County Road 45
Postal Code
K0L2V0
Location Highlights
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Listed by
RE/MAX HALLMARK EASTERN 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
2,050
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
$459,900
Asking Price
$459,900
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)
2,050
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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