Message Number396302
statusActive
Subject LineSW Ontario, Community Homes for Opportunity (CHO) formerly Homes for Special Care (HSC), triplex, 8 funded beds
Business area
Canada
Ontario
Southwestern Ontario
London
Have/WantHave
Business categoryBusiness Opportunities
Date of ListingMarch 1 2021
Type DescriptionMental Health Group Home
LocationSW Ontario close to London
Price$1,500,000.00
Sizetriplex; 3 beds per floor
Gross Income$172,000.00
Expenses$55,000.00
Net Income$122,000.00
Cap Rate8%
CommentsEXCLUSIVE. Incredible Triplex - Income Property. Community Homes for Opportunity (CHO), formerly Homes for Special Care (HSC) with GUARANTEED INCOME; flow through from MOHLTC to CMHA. This is by far the best location for a home of its kind, located indesirable and highly sought-after neighbourhood (location is confidential to protect residents/staff; SW Ontario), steps to shops and public transportation.

Always 100% occupied, 8 resident-home in excellent shape with gross income of $175k and net of $120k. Income is TAX FREE (with exemptions). COMPLETE TURNKEY OPERATION for investor or live in owner/operator. Currently manager on site, CMHA employees for vocational programming (no cost to owner/operator) and owners live out of town. Not going to find this type of return anywhere else.

Buyer must have experience, knowledge and/or background working with mental health. Non-Disclosure Agreement (NDA) must be signed for more information/financials and location. Call TODAY for details. Won't last long, don't miss this one!

Rahim Charania 519-859-0133. rahimcharania@gmail.com. $1,500,000

Internet Links
Member Identifier11393
ControlExclusive
NameRahim Charania
Title
Company NameRealty Firm Inc., Brokerage
Address Line One395 Wellington Road, 11B
CityLondon
State/ProvinceOntario
Zip/Postal CodeN6C 5Z6
CountryCanada
Business Phone Number(519)859-0133
Cell Number5198590133
Email AddressSend Email
Home PageHome Page

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