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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,900
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
Introducing an exceptional opportunity to own an end unit, main floor boutique commercial office condo in the heart of Grimsby's vibrant lakeside enclave. Recently renovated and exquisitely adorned, this turnkey space offers seamless integration into the bustling community, with convenient access to an array of amenities including GO Transit, the QEW Highway, Winona Shopping Hub, and beyond. Spanning approximately 1100 sq.ft., this meticulously finished space showcases three private offices, a conference room, reception area, meeting space, barrier-free restroom, kitchenette with stainless appliances, and two storage rooms. Abundant natural light floods the interior, accentuating its high visibility and enhancing the inviting ambiance. With three separate entrances and rear layby parking, accessibility and convenience are paramount. Strategically located, the property boasts proximity to key destinations — approx. 30 minutes to the Canada/US border, 20 minutes to St. Catherines, 10 minutes to Hamilton, and just an hour to Toronto. Don't miss this rare opportunity to secure a premium commercial space primed for success in Grimsby's dynamic landscape. (id:39198)
Location
Province
Ontario
City
Grimsby
Address
388 Winston Road|unit #31
Postal Code
L3M0H2
Location Highlights
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Listed by
Royal LePage Macro 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
1,100
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
$749,900
Asking Price
$749,900
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.
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)
1,100
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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