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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$350,000
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
ATTENTION INVESTORS, WANT A MONEY MAKER! This 4000 SQ FT multi-unit building with commercial space generates profitable income. It offers a fantastic investment opportunity for savvy investors looking to expand their portfolio. The front space is currently rented to a long-term tenant known as the Gogama Canada Post Office, providing a steady stream of revenue. The building is also known as Gogama Village inn and consists of a spacious upper living quarter with 4-bedroom, 3-bathroom, a large eat-in kitchen and a sunken living room all of which provides ample space for comfortable living. Additionally, there is a bachelor unit on the main floor currently rented to family member but will be vacant on closing and you can set your own rent. Behind the Canada post on the main level you’ll find another large 2-bedroom, 1-bathroom unit, which has a steady flow of seasonal tenants, and offers flexibility for different rental options. Units are mostly rented to Contractors and miners and hunters. Situated in the serene town of Gogama, located halfway between Sudbury and Timmins, this property provides a peaceful escape from the hustle and bustle of city life. Gogama is known for its excellent fishing and hunting opportunities, making it an attractive location for outdoor enthusiasts. Overall, this property presents a lucrative investment opportunity with a diverse range of rental units and a prime location that offers both tranquility and recreational activities for tenants. Indulge in fishing, hunting, hiking the lush forests, or off-roading through the beautiful forest. Whether you're seeking a tranquil retreat for yourself to move into and manage or considering it as a rental investment, this property is profitable and offer endless possibilities. (id:39198)
Location
Province
Ontario
City
Gogama
Address
53 Poupore
Postal Code
P0M1W0
Location Highlights
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Listed by
RE/MAX CROWN REALTY (1989) INC., BROKERAGE (HANMER) Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
0
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
$350,000
Asking Price
$350,000
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.
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)
0
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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