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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$349,900
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
This unique commercial property presents an exceptional opportunity for investors and community-focused entrepreneurs. The main building features a fully operational laundromat with 15 washers and 10 dryers, supported by updated plumbing and electrical systems for efficiency and reliability. A detached garage on the property provides additional storage or workspace options. A second structure offers a commercial front space with two residential units at the rear, creating rare mixed-use potential. This property is a handyman special, ideal for those looking to add value and make a lasting impact in the community. Whether your goal is to generate income or establish a strong neighborhood presence, this property offers limitless possibilities. (id:39198)
Location
Province
Ontario
City
Verner
Address
Highway
Postal Code
P0M2M0
Location Highlights
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Listed by
ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE 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
0
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
$349,900
Asking Price
$349,900
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)
0
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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