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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,675,000
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
Ideal live/work set up. Currently being run as a hair salon with the added bonus of an amazing 2nd floor residential unit. Rare downtown parking on site plus a double car garage for storage and security. The basement also provides the opportunity for growth. The property boasts maintenance friendly steel roof, heated eavestroughs with leaf guard, front courtyard area for added curb appeal and parking. Majority of all windows have been updated. D5 Zoning allows for a wide variety of uses. Private rear patio is great space to unwind in an urban setting. The apartment offers a grand foyer and staircase that leads to a large open concept kitchen/dining area. Updated 3 piece bath, sunken living room and bedroom. The spacious rear parking plus courtyard and double car garage will allow ample space for clients and potential supplemental income for parking for people working in the downtown area. (id:39198)
Location
Province
Ontario
City
Kitchener
Address
64 Francis Street N
Postal Code
N2H5B5
Location Highlights
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Listed by
PEAK REALTY LTD. 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
3,210
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
$1,675,000
Asking Price
$1,675,000
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.
N/A
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)
3,210
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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