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For Sale · Hospitality

4 ALBERT Street, Langton

4 ALBERT Street, Langton, ON N0E1G0

$749,000 total

4,431 SF

Asset Class

Hospitality

Size

4,431 SF

Building class

C

Zoning

CHY — Highway Corridor

$ / SF

$169

Occupancy

87%

About this property

Well established TURN KEY restaurant and approximately 100k of equipment and products included for sale!! Perfect for the aspiring or seasoned chefs looking to expand or investors looking to add to their portfolio. Property sits on .67 of an acre and offers many possibilities for live in - work arrangements. The Restaurant is over 3300 sq feet and has indoor seating capacity of 110 with an additional 25 on the patio. Offering two large sized dining areas, two bars, walk in cooler, spacious kitchen/prep area and three public bathrooms. One of the rooms can be used for private functions if needed. There are also two good sized residential units that are both over 1000 sq feet each. One is a 2 bedroom unit and the other has 2 bedrooms + den. Full basement that is perfect for storage completes the interior. The exterior features steel roof, a large parking lot, front porch sitting area and a 26x41 double car garage/storage shed . This turn key opportunity is ready for you to take over and start earning from day one! Seller will consider VTB. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$749K
Down payment30% · $225K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$43K

Annual cash flow

$2K

Cash-on-cash

0.72%

DSCR

1.04

Going-in cap

5.76%

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.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners1,434 SF2030-09
Halcyon Wealth Partners896 SF2030-09
Halcyon Wealth Partners1,517 SF2030-09

Area demographics

Trade area within 3 miles of the property.

Population

100,451

Households

45,948

Median income

$134,000

Median age

38.6

Daytime population

114,852

5-yr growth

9.1%

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

Secure deal room

Confidential diligence documents for 4 ALBERT Street, Langton.

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.