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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$7,000,000
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
Unlock Endless Possibilities: 20.8 Acres of Prime Institutional and District Commercial Land in Wasaga Beach, formerly home to the Wasaga Stars Arena from 1973 to 2024. This expansive property features a versatile main building with approximately 31,405 square feet of usable space, including a 19,200 square foot open rink area and a stunning 4,900 square foot second level banquet hall—perfect for events, community gatherings, or potential redevelopment. The main level of the arena boasts essential amenities such as 6 change rooms, 6 bathrooms, a concession stand with a kitchen, spectator seating, office, elevator, utility room, and additional storage at the back of the building. Upstairs, discover an open event space that offers elevated views over the rink, a kitchen area, 3 more bathrooms, and office facilities. Enhancing the property’s appeal further are 10 outbuildings, totalling 7,673 square feet, which include 8 cabins, a washroom building, and a recreation hall, these structures are a mix of seasonal and year-round use. Engage in recreational activities with on-site pickleball courts and explore the beautiful forested areas with scenic hiking trails. Within the forest is approximately 2 acres of District Commercial land with its own 50ft frontage on River Road West. It total the property offers an impressive 805 feet of frontage on River Road West with high visibility and traffic, making it an ideal location for your business ventures. The location is directly across from a proposed subdivision and a newly proposed K-12 Simcoe Muskoka Catholic District School, and within walking distance to a newly built $60 million twin pad arena and library. It is an area poised for growth and community engagement. Don't miss out on this rare opportunity to transform this exceptional property into a thriving hub of activity in the heart of Wasaga Beach! (id:39198)
Location
Province
Ontario
City
Wasaga Beach
Address
425 River Road W
Postal Code
L9Z2X2
Location Highlights
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Listed by
RE/MAX By The Bay Brokerage Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
31,405
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
N/A
Financial Information
Yearly Rate
$7,000,000
Asking Price
$7,000,000
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)
31,405
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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