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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,599,000
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
Explore The Unique Opportunity This Free-Standing, Mixed-Use Gem Presents, Built In 2003. The Ground Floor Awaits A Visionary Business, Featuring An Accessible Entrance And Washroom, Plus A Supplementary Washroom And Ample Dedicated Storage In The Basement, Ideal For Commercial Operations. A Discreet Entrance At The Rear Unveils A Charming Basement Apartment, Boasting A 1 Bedroom, 1 Bathroom Layout With A Quaint Living Space And Kitchen, Offering A Cozy Haven Or A Potential Source Of Rental Income. Additional Perks Include A Spacious Double Car Garage And A Versatile Greenhouse Shed, Underscored By Generous Parking Facilities.Enviably Located Near The Serene Raleigh Parkette, Woodrow Park, and St. Clair Ravine, This Property Promises A Blend Of Urban Convenience And Natural Tranquility. Just A Stroll Away From The Scarborough GO Station, It Represents A Perfect Investment For Those Aiming To Harmonize Business Aspirations With A Relaxed Lifestyle Or To Secure Additional Rental Revenue. (id:39198)
Location
Province
Ontario
City
Toronto
Address
550 Danforth Rd
Postal Code
M1K1C6
Location Highlights
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Listed by
ROYAL LEPAGE SIGNATURE 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
6,372
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
$3,599,000
Asking Price
$3,599,000
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)
6,372
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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