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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,850,000
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
Welcome to 779–783 Barton Street East, nestled in the heart of the charming Gibson neighborhood, just moments away from the iconic Tim Hortons Field in Hamilton. This approximately 6,000 square-foot building offers an exceptional investment opportunity with a cap rate exceeding 6%. Boasting three commercial unit and three residential units, along with six convenient parking spaces, this property epitomizes convenience and versatility. The neighborhood itself is a quaint residential area, yet just a short drive from Hamilton General Hospital, St. Joseph’s Healthcare, shopping centers, and all other amenities. Residents will delight in the proximity to Tim Hortons Field, recreational centers, parks, breweries, shops, and more, all within walking distance. The building stands as a beautiful embellishment, adorned with an eye-catching mural of the Hamilton Skyway Bridge. Recently renovated and impeccably maintained, this property is in excellent shape and offers tremendous cash flow potential. Don’t miss out on this rare opportunity to invest in a thriving community with endless possibilities! (id:39198)
Location
Province
Ontario
City
Hamilton
Address
779 - 783 Barton Street E
Postal Code
L8L2H9
Location Highlights
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Listed by
RE/MAX Real Estate Centre 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
6,000
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
N/A
Financial Information
Yearly Rate
$1,850,000
Asking Price
$1,850,000
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)
6,000
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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