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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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4191 Main Street, Vancouver
MLS®:
660
Sq.Ft.
1980
Built
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Description
Charming renovated contemporary Indian restaurant on a high traffic and well-sought after block on Main Street. $80,000 was invested just 3 years ago. Full kitchen with equipment, food primary liquor licence, healthy business with abundant clienteles, 660 sqft usable area with 25 seats capacity. A street-front shop with a modern versatile aesthetic - could be transformed into many other types of restaurants, bakery, or coffee shop etc. Renovated powder room. Equipment very clean and in excellent condition. Current Revenue: $14,000/month. Lease rate includes property tax, water, and GST: $3,000 or less - most often less. Overhead costs: $800/month.
Taxes (2017): $4,031.00