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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,850,000
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
Lot Size
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Building Size
N/A
Premise Summary
Place Of Worship With Adjoining Two-Storey Residence. The Property Is Situated Within The Desirable Area Of Bedford Park And Steps Away From Countless Amenities On Yonge Street, Including Lawrence Subway Station. Approx. 17,738 Sf Of Land And Parking Lot For Approx. 20 Vehicles. Building Consists Of A Sanctuary With Fixed Seating For Approx. 150 People, Removal Of Benches Will Allow For A Multi-Purpose Space. Lower Hall Includes A Theatre Stage With Direct Access To Kitchen. Several Offices On The Main Floor With The Addition Of Meeting Rooms/ Classrooms Within The Lower Level. Listed On The City Of Toronto's Heritage Register. **** EXTRAS **** Property Taxes Not Applicable As Use Is A Place Of Worship. Tax Exempt. Legal Description: Lt C Pl 1494 Toronto; Pt Lt B Pl 1494 Toronto; Pt Lt 8 Con 1 Wys Twp Of York As In Eo84299, Eo87267; S/T T/W Eo84299; City Of Toronto. (id:39198)
Location
Province
Ontario
City
Toronto
Address
31/33 Melrose Ave
Postal Code
M5M1Y6
Location Highlights
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Listed by
ROYAL LEPAGE REAL ESTATE SERVICES LTD. Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
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Tenancy
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Lot Size
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Available Space
N/A
Building Size
17,738
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
$5,850,000
Asking Price
$5,850,000
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)
N/A
EBITDA Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
17,738
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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