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This is an INCREDIBLE OPPORTUNITY to own 2 COMPLETELY SEPARATE COTTAGES on ONE PROPERTY! Situated on approximately 1.5 acres, these self-contained, fully furnished cottages each possess their own hydro meters, drilled we
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Great location in the heart of Peterborough for this 17,000 sq.ft. building sitting on 0.75 acre lot with frontage on 4 streets. This former church has multiple tenants generating approximately $102,000 net income. On-si
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COMMERCIAL AND MORE! Extensively upgraded & meticulously maintained 3300 sq.ft building for multiple uses. CFIA and FDA approved. Part of the building has been designed professionally as freezer storage. This package inc
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Exciting opportunity awaits with this fantastic commercial property, located on a prime corner lot, in the picturesque seaside town of Lockeport. Featuring two spacious rooms, this could be the ideal setting to launch yo
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Located in lawn, this beautiful open concept building offers some beautiful details. Being sold where is as is...If HST is applicable it will the responsibility of the purchaser. Any offer is plus hst. (id:39198)
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If you've been thinking about purchasing a specialty-purpose property, you're surely interested in the pros and cons of these particular investments. There are several key advantages and disadvantages to these unique properties.
The pros include:
As already mentioned, specialty-purpose properties have a primary use rule, which means they usually can't be utilized for anything else besides their original and intended use. That's because the structure of these properties isn't flexible, and the common use of toxic materials makes these properties unfit for many other industries.
If you're worried about your future performance or the competitive real estate market, you can rest assured only specific industries can make use of these unique types of properties.
Thanks to their special purpose space, you can find specialty properties at a fraction of the price of regular vacant land. That means you don't have to prepare large sums of money if you want to invest in a business. Many entrepreneurs and investors make these properties eligible for purchase with the slightest investments or from a personal trust.
According to the current rules in British Columbia and the rest of Canada, specialty-purpose businesses can receive the maximum period for leasing these properties, which allows them to create a permanent establishment for their company.
Moving on to the cons, they are:
Due to their special purpose space, not much can be done with these properties. If a specific property was used for the manufacture or sale of low-hazard special purpose explosives, investors can only work with relevant activities since they're limited with the possibilities of what they can do with the space.
From permanent establishment to supplies of property to agreement of purchase, a lot goes into investing in a specialty-purpose property. Unlike other real properties, these properties come with special rules you must respect in a given period of time, limiting your commercial activity. These rules usually relate to excise duties and excise taxes.
Now that you know more about specialty-purpose properties, let's check out some examples of taxable purchases.
An oil or petroleum refinery is a particular type of plant where crude oil is refined into other useful products, such as petrol, diesel fuel, kerosene, asphalt base, heating oil, and petroleum naphtha.
Due to the potential chemical exposure, oil refineries must be located on specialty-purpose properties. Nevertheless, an oil refinery is a highly profitable business since crude oil is one of the zero-rated supplies. That exempts oil refineries from business taxes.
Waste facilities are responsible for managing waste, recycling, and all the other relevant activities. These facilities are usually a part of municipal property. However, these facilities are sometimes purchased by other companies or investors, which generates an active business income.
Some industries are working with more hazardous materials than others, which requires them to use specialty-purpose properties. That's commonly the case when it comes to manufacturing. For instance, producing sound recording, video, photographic, or testing equipment can require companies to locate their businesses on a specialty-purpose property.
FindBusinesses4Sale can help you find the best specialty-purpose properties currently for sale in British Columbia and other provinces of Canada. Whether you want to invest in a property for working with zero-rated supplies or you're ready to earn taxable capital through taxable sales, here you'll find everything you've been looking for.
Using our online services, you can browse a selection of top specialty-purpose properties for sale in Canada every calendar month. Pair that with quick method calculation or any other tax calculation technique, and you can ensure you're investing in the right property.
Selecting the right location when buying a business is absolutely crucial. You can utilize large business listings platforms like Find Businesses 4 Sale, with thousands of business listings covering the whole country, to find a business in a location that works for you.
You can filter your search by provinces or specific cities you’re interested in. At the same time, it’s easy to filter business listings by business type, price, structure, and other important details. This is the easiest way to see your options in some areas quickly.
You can also use this platform to reach out to sellers directly and complete the transaction with insurance.
The first thing you need to consider is the business plan behind the specialty-purpose property. You have to consider all relevant factors when buying this type of property because you will have additional steps in the future that will secure income.
Consider things like proximity and accessibility to important institutions, infrastructure, potential customers, etc. Check if the property is compatible with your business plan, future needs, and current industry requirements.
Apart from the initial investment, you should also ask the owner about operational expenses, utilities, rent, etc.
When buying a commercial property, research your market thoroughly to understand whether there’s potential with that kind of property. At the same time, this will allow you to compare this commercial property with other similar locations to understand its fair market value.
Gather important information about local special-purpose properties, growth potential, location, and other features. Talk to the seller about their motivations, and talk to a business broker to help you negotiate.
Discovering the best deals on Specialty Purpose Properties in Canada requires thorough research. Take into account factors such as location, size, amenities, and future growth potential. Explore the three most popular offers:
Mixed-Use Property at #& 364 -372 GUNTER LAKE RD , Specialty Purpose Property at 441 RUBIDGE ST and Specialty Purpose Property at 408 Harrington Road .
The average price of Specialty Purpose Properties in Canada is influenced by various factors. On average, prices range from $730,959. However, conducting a comprehensive market analysis is essential to grasp specific pricing trends in your desired area.
Find comprehensive information about Specialty Purpose Properties in Canada on Find Businesses 4 Sale! Explore our catalog of offers, and if you have any questions, feel free to contact us; we're here to help! Meanwhile, consider checking out the three newest listings:
Mixed-Use Property at #& 364 -372 GUNTER LAKE RD , Specialty Purpose Property at 441 RUBIDGE ST and Specialty Purpose Property at 408 Harrington Road . .
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