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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,399,999
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
Welcome to 608 Gerrard St E! This Unique User/Investor Opportunity Is Located In The Heart Of East Chinatown! Amazing Cash Flow Generating from Owning this Entire 3 Floor Building. THIS UNIT WILL BE DELIVERED IN VACANT POSSESSION!. MEANING YOU CAN CHARGE CURRENT MARKET VALUE RENT(S)!! Ground Floor is made up of a Commercial/Retail Space. Commercial Unit Has Multi-purpose Use Such as Restaurant, Pharmacy And Much More. Store is Located on 1st floor and Total of 3 Residential 2 Beds and 1 Bath Units in Basement (Fully Finished), on 2nd floor and on 3rd floor all with separate entrance. 3 Separate Hydro Meters, Electric Heating, Gas, Hot Water Tank. Excellent Riverside Location. Just Steps To Extremely Busy Gerrard/Broadview Intersection, Surrounded By Famous Restaurants, Transit, Shops and So Much More. Perfect to live/work and for rental income! Don't Miss Out on This Amazing Opportunity to Own This One of A Kind Property! Best of all you have parking downtown!!! (id:39198)
Location
Province
Ontario
City
Toronto
Address
608 Gerrard Street E
Postal Code
M4M1Y3
Location Highlights
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Listed by
CENTURY 21 LEADING EDGE REALTY INC. 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
3,000
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
$2,399,999
Asking Price
$2,399,999
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)
3,000
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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