












1/1412268 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
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)
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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.
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.
Confidential diligence documents for 12268 HIGHWAY 41, Addington Highlands (Addington Highlands).
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.