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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$275,000
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
Presenting a truly unique opportunity at 241 Centre Street, Wingham, this exceptional two-storey yellow brick church stands as a testament to timeless architecture and enduring character. The property boasts a steel roof, ensuring both durability and low maintenance for years to come. Inside, you'll find two convenient 2-piece bathrooms, a functional kitchen equipped with a stove and refrigerator, and the comfort of forced air natural gas heating throughout. The original hardwood floors add warmth and charm, while an updated electrical panel provides peace of mind and modern functionality. Zoned as Community Facility (CF), this building offers flexibility for a variety of uses, making it ideal for community organizations, creative ventures, or unique redevelopment projects. The property's great curb appeal and abundance of character make it a standout in the neighborhood, offering plenty of potential for those seeking something truly special. (id:39198)
Location
Province
Ontario
City
North Huron
Address
Centre
Postal Code
N0G2W0
Location Highlights
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Listed by
Royal LePage Exchange Realty Co. 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
3,932
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
$275,000
Asking Price
$275,000
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)
3,932
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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