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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,490,000
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
Prime Corner Location in busy Kanata North. Attention INVESTORS this FULLY LEASED heritage property VACANT POSESSION of Main FL. At corner of March Road and Klondike Roads, rentability is not a concern. The stone shell was moved onto a new poured concrete foundation approximately 12 years ago. The interior was rebuilt approx 12 years ago, including new wiring, plumbing, insulation, framing, drywall and flooring among other updates. There are 3 fully finished levels, with approx 800SqFt on main & upper floors, lower level includes 2 utility rooms and a bathroom and separate shower/change area. 15 parking spots belong to the property, currently designated for the upper or lower tenant. Ideal location for MANY varieties of businesses, zoning details/restrictive covenants are attached to the listing. Both units fully leased. Agent will be present @viewings permitted during business hours. Enbridge: approx$179.47/month; hydro approx $1089; water approx$99.85/month.Tenants pay all utilities (id:39198)
Location
Province
Ontario
City
Ottawa
Address
806 March Road
Postal Code
K2W0C9
Location Highlights
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Listed by
RE/MAX ABSOLUTE 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
2,500
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
$1,490,000
Asking Price
$1,490,000
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)
2,500
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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Why this Marketplace was Created
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