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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,399,900
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
Same owner for over 50 years! Just steps from Bathurst / Sheppard and busy retail/commercial node ideal for service based business. Direct exposure to, and access from Sheppard Avenue West, with plenty of surface parking directly in front of unit. TTC bus stop at door. Approx. 2,000 sf on main and second floor combined, plus a full height basement. See Floor Plans attached. Property is completely vacant. Main floor was a dental lab, and second floor was a Bridal Store but could also be used as a 2-bedroom apartment with balcony. Basement unfinished w/ 8 ft ceiling height and not calculated in area. Three washrooms - one on each of three floors. Balcony at rear off second floor. Central Vacuum System - separate for main floor and second floor. Two Gas HWT tanks - rental. Seller willing to consider as much as 50% VTB on terms to be negotiated. Capital Improvements List and Operations List attached. Property vacant and ready for your finishing touches. (id:39198)
Location
Province
Ontario
City
Toronto
Address
Sheppard
Postal Code
M3H2R9
Location Highlights
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Listed by
TESA 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
1,962
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
$1,399,900
Asking Price
$1,399,900
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)
1,962
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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