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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$837,500
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
Discover a rare live/work opportunity that truly has it all. This versatile property combines residential comfort with exceptional commercial potential, perfect for automotive professionals, entrepreneurs, or anyone looking to run a business from home. The impressive garage is fully equipped with with oversized doors, two hoists, a compressor, and two separate 200-amp hydro panels, making it an ideal setup for a workshop or growing business. A separate retail space and office with two washrooms adds even more flexibility-use it for your own venture, rent it out, or create a dedicated client space. Convenience is built right in with easy highway access, a circular driveway, and plenty of parking. The 1,200 sq. ft. home offers a warm and comfortable living space featuring 4 bedrooms, 1 full bath, a finished basement, and modern updates to the kitchen and bathroom. A detached two-car garage plus additional shop space provides even more room for storage or projects. A truly unique property with endless possibilities-live, work, create, and invest all in one place. (id:39198)
Location
Province
Ontario
City
Hastings Highlands
Address
Highway 62
Postal Code
K0L1C0
Location Highlights
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Listed by
ROYAL LEPAGE FRANK REAL ESTATE 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
2,200
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
$837,500
Asking Price
$837,500
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)
2,200
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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