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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,888
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
This property is perfect for an investor looking for a turn-key property or as a first time buyer looking to live in one unit and rent out the others. Location is everything - it is conveniently located 2 blocks from Little Italy and Chinatown, in close proximity to Dows Lake, and schools. This building has been completely gutted and fully renovated. All 3 units feature a modern kitchen with stainless steel appliances (fridge, stove, dishwasher), bright bathrooms, in unit washer/dryer, spacious living area and bedroom. Outdoor parking is a paved driveway that accommodates 4 cars. Recent upgrades include new roof, windows, 3 owned hot water tanks, and new furnace. Existing zoning allows both residential and commercial/retail uses - including (but not limited to) salons, boutique stores, medical facilities, take-out businesses, and a multitude of other business types. Ideal for entrepreneurs seeking additional income through rental opportunities! (id:39198)
Location
Province
Ontario
City
Ottawa
Address
358 Booth Street
Postal Code
K1R7K4
Location Highlights
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Listed by
EXP 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
2,500
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
$899,888
Asking Price
$899,888
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)
2,500
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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