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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$689,900
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
Looking for the perfect family home? Or investment property? Look no further! This well-maintained home is located on a double lot, with two commercial units. Enjoy the longer driveway and many trees that give you the privacy you’ve been looking for. As you pull into the driveway you’re welcomed by the lovely gardens and outside oasis. Just before you go into this home you will appreciate the “Cozy corner” where you can enjoy your morning coffee in peace. Entering this beautiful home, you will notice the oversized living room that is great for entertaining all your family and friends. The second level of this home includes 3 spacious bedrooms and a 4-pc bathroom. The main level includes living room, dining room, kitchen, office space, laundry, and 2-pc bathroom. It’s not over, we can’t forget about the potential income of the two commercial units. These units are great for bringing in extra income or for your own business. This great property is in the quaint town of Zurich. Zurich offers schools, arena, baseball diamond, vet, church, Medical Centre, library, and more. Located 15 minutes from Grand Bend, Bayfield, and Exeter. Don’t miss your opportunity to own this investment property, call your agent today! (id:39198)
Location
Province
Ontario
City
Zurich
Address
6 Frederick Avenue
Postal Code
N0M2T0
Location Highlights
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Listed by
SUTTON GROUP - SMALL TOWN TEAM REALTY INC. BROKERAGE 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
1,854
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
$689,900
Asking Price
$689,900
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)
1,854
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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