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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,295,000
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
Step into a slice of Victorian charm with this stunning rowhouse boasting four floors of character and functionality. Hardwood flooring graces each level, accentuating the vintage fireplace that adds warmth and elegance to the space. Nestled at the rear is a private lot offering coveted parking space for two vehicles. On the second floor, a full kitchen awaits, ready to accommodate culinary endeavors or cater to the needs of a bustling workplace. Skylights grace the top floor, flooding the space with natural light and enhancing the ambiance. With three washrooms distributed throughout, The property offers ample room for creativity, featuring 2344 square feet of space, with an additional 537 square feet in the finished basement. This layout provides flexibility for up to 8-10 workspaces, Experience the perfect blend of historic charm and contemporary convenience in this meticulously maintained Victorian rowhouse.. **** EXTRAS **** All Appliances. Gb&E With Air Handler Unit. 3 Separate Cac Systems. Assumable Alarm System. Two Parking Spaces Included (Ask Listing Agent For Details). (id:39198)
Location
Province
Ontario
City
Toronto
Address
489 King St E
Postal Code
M5A1L9
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
2,881
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
$2,295,000
Asking Price
$2,295,000
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)
2,881
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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