| Message Number | 404002 | ||||||
|---|---|---|---|---|---|---|---|
| status | Active | ||||||
| Subject Line | Government funded care homes. Licensed 34 beds. Steady high income! 3 hours drive from Toronto. Asking $2.5M. Buyer must be approved by CMHA / County. | ||||||
| Business area |
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| Have/Want | Have | ||||||
| Business category | Business Opportunities Recreational Sites/Senior Lifestyle Sites/Golf Courses/Resorts/Trailer Parks |
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| Date of Listing | January 16 2022 | ||||||
| Type Description | Residential Care Homes | ||||||
| Price | $2,500,000.00 | ||||||
| Size | 34 beds | ||||||
| Gross Income | $657,115.00 | ||||||
| Expenses | $405,074.00 | ||||||
| Net Income | $252,041.00 | ||||||
| Cap Rate | 10% | ||||||
| Comments | With 25% Down. L.A. can assist arranging 1st mortgage at current bank rate.
Buyer needs experience in residential care homes. |
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| Internet Links | |||||||
| Member Identifier | 2619 | ||||||
| Client Situation | Geographical | ||||||
| Client Wants | Cash | ||||||
| Control | Exclusive | ||||||
| Name | Lino Reyes | ||||||
| Title | Salesperson | ||||||
| Company Name | Realty Associates Inc., Brokerage | ||||||
| Address Line One | 8901 Woodbine Ave. Ste 224 | ||||||
| City | Markham | ||||||
| State/Province | Ontario | ||||||
| Zip/Postal Code | L3R 9Y4 | ||||||
| Country | Canada | ||||||
| Business Phone Number | (416)293-1100 | ||||||
| Cell Number | 416-562-9601 | ||||||
| Home Number | 416-562-9601 | ||||||
| FAX Number | 416-293-6700 | ||||||
| Email Address | Send Email | ||||||
| Home Page | Home Page |
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