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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,700,000
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
A multi-use investment property with CN2 zoning directly across from Royal Botanical Gardens. Currently setup as 4 units -2 commercial and 2 residential with potential to generate over $140K in income. Vacant possession. Commercial unit #1 is 995 square feet with 10 8 ceilings, reception area, and one bathroom. Commercial unit #2 is 845 square feet open concept with one bathroom. Residential home #1 is a 1,555 square foot 2 storey home with 2+1 beds and 3 full baths with potential to add in-law suite in finished basement (separate entrance in place). Residential home #2 is a detached 1,017 square foot home with 2 bedrooms and 1 full bath. All buildings have been updated and are in extremely great shape. The same owner has lovingly cared for the property since 1989. All units are on separate hydro meters, with 3 separate gas meters and shared water. Investments like these don't come around often. RSA. (id:39198)
Location
Province
Ontario
City
Burlington
Address
654 Spring Gardens Rd
Postal Code
L7T1J2
Location Highlights
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Listed by
RE/MAX ESCARPMENT 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
4,434
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
$3,700,000
Asking Price
$3,700,000
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)
4,434
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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