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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,700,000
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
Incredible investment opportunity located at the recently improved, high-traffic corner of Bloor and Kipling. This mixed-use property offers excellent returns and un-matched re-development potential being situated only 100 meters from the recently approved 500k+ sqft Etobicoke Civic Centre (ECC) & steps from the new Kipling TTC Subway Station. Incredible development in the area with 2,700 residential units approved in a new master-planned community, the new heart of Etobicoke. The property features 4 fully renovated commercial/retail units and 4 residential apartments, each offering three bedrooms, one bathroom, and in-suite laundry. Commercial units feature large, useable basements with garage access at rear. Parking includes 8 (front) and 6 (rear). Commercial units have been recently renovated & tenanted at market rates. Residential units have been modernized with updated kitchens, flooring, bathrooms and plumbing & electrical systems. Residential tenants are at market rates. *This listing is a combination of properties 3810 Bloor Street West & 3812 Bloor Street West- the MLS numbers are; W10427010 & W10414712 for more property details individually* **** EXTRAS **** ** CONT PT LT 16, CON 1 NORTHERN DIVISION FRONTING LAKE ONTARIO, PART 8,9 & 10, 64R3279, S/T & T/W TB591491; ETOBICOKE, CITY OF TORONTO. (id:39198)
Location
Province
Ontario
City
Toronto
Address
3810-12 Bloor Street
Postal Code
M9B6C2
Location Highlights
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Listed by
VANGUARD REALTY BROKERAGE CORP. 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
6,800
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
$6,700,000
Asking Price
$6,700,000
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)
6,800
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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