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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$679,000
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
Welcome to 97 Wharncliffe Road South! A solid 2.5-storey brick property offering endless potential in a high-visibility location just minutes from downtown. Currently set up as a business, this property is perfect for entrepreneurs, investors, or those looking for a live/work opportunity. The main floor is well-suited for office, retail, or service-based businesses and also includes a convenient half bathroom. The upper levels offer the potential to be converted into an apartment, complete with two full bathrooms across the second and third floors, ideal for creating an excellent income stream or a comfortable owners residence.Inside, you'll find unique interior architecture with plenty of character. The property also showcases original oak floors on the main level that could be beautifully revitalized, and original pine floors on the second level. What sets this property apart is its extra-deep lot, which extends far beyond the typical city property. With a two-car garage and ample parking, theres plenty of room to expand, redevelop, or add accessory units, making this a standout investment for the future. The brick exterior remains in excellent condition for its age, providing both durability and timeless curb appeal. Zoned Arterial Commercial, the property allows for a wide range of permitted uses including offices, clinics, restaurants, studios, personal service establishments, and more. Bring your vision, this property offers the location, flexibility, and space to create something exceptional. (id:39198)
Location
Province
Ontario
City
London South
Address
Wharncliffe
Postal Code
N6J2K2
Location Highlights
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Listed by
Sutton Group - First Choice Realty Ltd. 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
3,898
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
$679,000
Asking Price
$679,000
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)
3,898
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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