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Retail Property For Sale at 60-62 BARRETTE STREET in Ottawa, Ontario

New
4 Sale ID #229824
Updated 29 Apr 2024

Asking Price

$899,900

Cap Rate help 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

Lot Size

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Building Size

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Premise Summary

INVESTORS TAKE NOTICE! +$76K GOI/+$61K NOI. Perfectly located in the thriving neighbourhood of Beechwood Village on a CORNER LOT boasting R4 COMMERCIAL ZONING and high visibility. The property comprises three units - a fully renovated 3-bedroom townhome, a commercial unit currently leased as a popular take-out restaurant & quaint cafe and a 2-bedroom apartment. Steps away from all the amenities that one could ever want and in a coveted neighborhood undergoing incredible gentrification, acquiring this property ensures future appreciation. GOI of over $76K. Lots of structural and mechanical work done + SO MANY OPTIONS FOR THE FUTURE! (id:39198)

  • MLS® : #1388390
  • Date Listed : 24 Apr 2024

Location

Province

Ontario

City

Ottawa

Address

60-62 Barrette Street

Postal Code

K1L8A5

Location Highlights

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Listed by

RE/MAX HALLMARK REALTY GROUP Ontario listing

Category

retail-properties

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

N/A

Building Size

2,526

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$899,900

Asking Price

$899,900

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

2,526

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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