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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,599,000
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
DISCOVER THIS DEVELOPMENT-READY PROPERTY ON A 100'X178' LOT IN SOUTH EAST BARRIE! Welcome to 552 Big Bay Point Road. Nestled in a medium to high-density development area designated by the City of Barrie, this property offers a chance to be part of one of Barrie's most rapidly growing neighbourhoods. The location is a testament to progress, with multiple high-rise projects currently underway in the area, strategically positioned between Yonge Street & the Huronia Park Bridge. The 100'x178' lot (0.421 acres) sets the stage for an exceptional investment, with the neighbouring property presenting an incredible opportunity to own two properties totalling .833 acres. Capitalize on the momentum of progress & appreciate having the option to lease the home until development begins. The home includes a detached 1,200 sqft triple garage with in-law potential, completed in 2023. The property exudes character with a wood f/p, creating a comforting ambiance that complements the home's many updates. (id:39198)
Location
Province
Ontario
City
Barrie
Address
552 Big Bay Point Rd
Postal Code
L4N3Z5
Location Highlights
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Listed by
RE/MAX HALLMARK PEGGY HILL GROUP 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
2,546
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
$1,599,000
Asking Price
$1,599,000
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)
2,546
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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