Business For Sale · Specialty

12268 HIGHWAY 41, Addington Highlands (Addington Highlands)

12268 HIGHWAY 41, Addington Highlands (Addington Highlands), ON K0H2G0

$445,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

97%

Lot Size

0.553 ac

About this property

Discover the potential of this large restaurant property with spacious living accommodations above! Featuring 5 bedrooms and 2 bathrooms upstairs, this unique property offers an exciting opportunity for someone looking to bring new life to a well-sized commercial space while having the convenience of living where you work. Whether you have always dreamed of running your own restaurant, creating a live/work space, or taking on a project with plenty of possibilities, this property is ready for someone with a vision. The property has already undergone numerous improvements, including some new windows and doors, new insulation, new wiring in the front half of the downstairs and the back half of the upstairs, some new structural beams in on the main floor, and a new bathroom upstairs. Heating ducts have also been installed beneath the front booths, and all of the restaurant booths are included with the property. There is even additional brick on the property that can be used to redo the front of the building, providing an opportunity to continue improving the exterior while maintaining its character, as well as a ponyroof that provides the opportunity to extend the second floor or add a balcony. There is still work to be completed, but much of the ground work has already been done, creating an excellent opportunity for someone with a vision to finish the transformation. This property offers the opportunity to create something truly unique. Bring your ideas and finish making this property your own! (id:66811)

Financial sandbox

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Estimate
Purchase price$445K
Down payment30% · $134K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$28K

Annual cash flow

$4K

Cash-on-cash

2.73%

DSCR

1.15

Going-in cap

6.36%

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

47,979

Households

21,815

Median income

$110,500

Median age

33.2

Daytime population

81,157

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 12268 HIGHWAY 41, Addington Highlands (Addington Highlands).

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.