Office Listing:
Ian Wilson, Sales Representative
Sale
$3,199,900
|
Listing # X12285087
Richard Balmer
Sales Representative
Phone: 416.489.2121
Fax:
416.489.6297
Mobile: 416.898.4987
rbalmer@johnstonanddaniel.com
rickbalmer.com
JOHNSTON & DANIEL
A division of Royal LePage Real Estate Services Ltd., Brokerage
477
Mount Pleasant
ROAD
Toronto,
ON
M4S2L9
Remarks:
A rare opportunity to take over a well-managed and cared for Retirement Home in South Kawartha Lakes County. This home has over 35 roomswith a mix of studio and one-bedroom units, 2pc and 3pc ensuite bathrooms in most rooms and an operating occupancy rate average of 89%.Excellent mechanicals and upgrades including: updated electrical service (400 amps), new cistern, multiple forced air heating and cooling units,sprinkler system with diesel backup generator, propane generator, updated roofng and windows, new hot water tanks, commercial style kitchenwith 6 ft exhaust hood. Improved and proftable trailing 12-month fnancials as a result of improved occupancy rates and increased roomrevenues. Exceptionally well-positioned on 2 acres of property and surrounded by existing and future residential development. As a buy-andhold strategy with solid holding income for future development, this opportunity offers any investor the beneft of current cash fows and upsidefrom future development or land inclusion. (id:7525)
Investment
| Lot Frontage: | 290.7 Feet |
| Lot Depth: | 297.9 Feet |
| Floor Space (approx): | 19258 Square Feet |
| Acreage: | Yes |
| Zoning: | ZONE TYPE* I-2 and R3, Instit/Res |
Property Features:
| Property Type: | Multi-family |
| Sewer: | Septic System |
Building Features:
| Building Type: | Multi-Family |
| Cooling Type: | Partially air conditioned |
Richard Balmer
Sales Representative
Phone: 416.489.2121
Fax:
416.489.6297
Mobile: 416.898.4987
rbalmer@johnstonanddaniel.com
rickbalmer.com
JOHNSTON & DANIEL
A division of Royal LePage Real Estate Services Ltd., Brokerage
477
Mount Pleasant
ROAD
Toronto,
ON
M4S2L9
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