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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,049,000
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
Nestled on the vibrant and sought-after King St. E in the heart of Corktown, this well-maintained three-story commercial and residential property is a true gem. Boasting high ceilings, abundant natural light, and a host of desirable features. The property's charm is enhanced by an outdoor patio and a private deck, providing space for relaxation and entertaining. The finished basement adds to its versatility, offering potential for various uses. It offers separate entrance to the 2nd level, which leads to a spacious 2-story/ 2 Bedr apartment. This not only provides privacy but also a unique layout that can be utilized for living and working in the heart of downtown Toronto. The location is truly unbeatable. With St. Lawrence Markt, the iconic Distillery District, and Lake Ontario all within walking distance, you'll enjoy an unparalleled urban lifestyle. Quick and easy access to highways and the TTC at doorsteps.Don't miss out on this exceptional property! **** EXTRAS **** Appliances in Upper Unit: Fridge, Stove, Dishwasher, Washer/Dryer (All in As Is Condition). 2 Furnaces, 2 A/C Units, HWT. Upper Unit Apartment is vacant. Separate Hydro & Gas Meters. (id:39198)
Location
Province
Ontario
City
Toronto
Address
394 King St E
Postal Code
M5A1K9
Location Highlights
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Listed by
RIGHT AT HOME 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
2,316
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
$2,049,000
Asking Price
$2,049,000
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)
2,316
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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