Business For Sale · Specialty

57 Mississauga AVE, Elliot Lake

57 Mississauga AVE, Elliot Lake, ON P5A1E1

$500,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

95%

Year Built

1955

About this property

An incredible commercial opportunity awaits in Elliot Lake with the listing of Taxi Plus, a thriving and reputable local business that has successfully operated for over 10 years. This versatile offering provides immense flexibility for investors, as the corporate shares and the real estate can be purchased together as a complete package or separately to suit your portfolio goals. The included real estate features a substantial 3,000-square-foot facility, currently zoned C3 and utilized for Storage units, offering excellent potential for a variety of future operational or commercial uses. In addition to the corporate structure and real estate, the sale encompasses a comprehensive package of business assets, featuring a fully functional operational fleet of 7 vehicles, 1 spare vehicle, and additional parts vehicles to ensure smooth, continuous operations. Call today to schedule your private tour and explore the full potential of this premier Elliot Lake business opportunity. (id:66811)

Financial sandbox

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Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$36K

Annual cash flow

$9K

Cash-on-cash

5.76%

DSCR

1.31

Going-in cap

7.27%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

132,470

Households

57,340

Median income

$99,500

Median age

42.8

Daytime population

197,476

5-yr growth

1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 57 Mississauga AVE, Elliot Lake.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.