Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,538,888
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
Lot Size
N/A
Building Size
N/A
Premise Summary
Newly custom built mixed use property, 3 units total; 2 commercial, 1 residential. Potential High producing rental income. The building features extensive built-in cabinetry, Custom Windows and doors, HanStone Quartz countertops, tasteful finishes, customer street parking, separate heating and cooling sources between commercial and residential units, separate hydro metres with underground service and separate entrance to the basement creates an abundance of storage for commercial units. Multiple entrances allow for one full or two commercial units The comfortable apartment has a separate entrance, parking, laundry, 2 bed, 2 bath, heated tile floor in ensuite bath, vaulted ceilings and panel ready appliances. Have peace of mind on the property with video surveillance and fully fenced yard. **** EXTRAS **** Fridge, stove, washer dryer combo, dishwasher, bar fridge, HWT, window coverings, Accessible door equipment, (id:39198)
Location
Province
Ontario
City
Georgina
Address
944 Lake Dr E
Postal Code
L0E1L0
Location Highlights
N/A
Listed by
EXP REALTY Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
2,382
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$1,538,888
Asking Price
$1,538,888
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.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
2,382
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
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
