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Benefits
Asking Price
$6,390,000
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
Elevate your portfolio with a prestigious corner unit multi-use commercial plaza nestled on a sprawling 1.04-acre lot in the vibrant community of Brooklin, just north of Whitby. This remarkable property is strategically positioned along the bustling Highway 7, offering unparalleled visibility and accessibility. Fully tenanted anchored with a long time neighbourhood restaurant, a convenience store and an extra commercial/retail space. Two additional commercial/storage buildings on site. It is located in close proximity to major transportation arteries including Hwy 407 and Hwy 12, this plaza ensures seamless connectivity to both local and regional destinations. Whether you're a savvy investor seeking to diversify your portfolio or an entrepreneur envisioning a prime location for your business, this rare gem presents an opportunity for success. Act swiftly to seize this rare chance to own a piece of prime commercial real estate in one of Ontario's most promising locales. Please exercise discretion and refrain from approaching tenants. (id:39198)
Location
Province
Ontario
City
Whitby
Address
93 Winchester Rd E
Postal Code
L1M1B4
Location Highlights
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Listed by
FOREST HILL REAL ESTATE 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
7,700
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
$6,390,000
Asking Price
$6,390,000
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.
N/A
Premises Size (square feet)
7,700
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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