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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$879,000
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
Don't miss this rare opportunity to own a well-maintained mixed-use building located in a vibrant, family-friendly neighbourhood. This property features a bright and spacious residential unit upstairs, paired with a high-visibility retail storefront on the main floor - perfect for business owners, investors, or those seeking a convenient live/work setup. Ideally situated on a main bus route, the property offers exceptional accessibility for both customers and residents. Parking is plentiful, with ample street parking plus a detached garage in the rear, providing added convenience for tenants, staff, or personal use. The residential unit is filled with natural light and offers comfortable living space, while the main-floor storefront benefits from steady foot and vehicle traffic - a prime spot for a retail shop, salon, office or cafe. surrounded by parks, schools, local businesses, and strong community vibes, this property combines lifestyle and investment potential in one unbeatable location. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
Tolton
Postal Code
L8H5N9
Location Highlights
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Listed by
RE/MAX ESCARPMENT REALTY 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
2,392
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
$879,000
Asking Price
$879,000
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)
2,392
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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