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Retail Property For Sale at 93 WINCHESTER RD E in Whitby, Ontario

New
4 Sale ID #222439
Updated 30 Apr 2024

Asking Price

$6,390,000

Cap Rate help 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

Lot Size

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Building Size

N/A

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)

  • MLS® : #E8200488
  • Date Listed : 03 Apr 2024

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

retail-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

7,700

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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 help 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 help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help 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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