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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,899,000
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 great investment opportunity for a prudent investor. Very Solid well-built building on highly sought after prime College Street in the Heart of Little Italy! Mixed use building with commercial on street level and six (6) residential units above. Laneway access in the rear of the building allowing for 3 space parking. All residential suites and commercial suite are separately metered for gas and hydro. All units have central air conditioning and forced air gas furnaces. 2 Residential units on the 3rd floor are lofted and have a private roof top terraces. Full basement, staircase at front and rear of the building accessing all floors. Hydro and gas meters located in the lower level of the building. Close to all amenities, cafes, great restaurants, trendy shopping and TTC access. **** EXTRAS **** All window coverings, all electrical light fixtures, 6 fridges, 6 stoves, 6 washer/dryers, building is sprinklered with Siamese connection on the front of the building and fire hoses in glass cabinets on all three levels. (id:39198)
Location
Province
Ontario
City
Toronto
Address
850 College St
Postal Code
M6H1A2
Location Highlights
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Listed by
SUTTON GROUP QUANTUM 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
2,809
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
$5,899,000
Asking Price
$5,899,000
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)
2,809
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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