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Income Property Offered At 1,300,000 With 11% Cap+ In Ontario For Sale

Ontario, Canada
Asking Price:
$1,300,000 (CAD)
Sales Revenue:
$352,891 (CAD)
Cash Flow:
$145,917 (CAD)

EXCLUSIVE LISTING - INCOME PROPERTY - $1,300,000 with 11% cap rate. (1.75% to Buyer Agent)
Income Property. Community Homes for Opportunity (CHO). Great location in a desirable, growing and highly sought-after community (disclosed upon signing Confidentiality Agreement), steps to shops and public transportation. Always 100% occupied, 18 resident-home.

COMPLETE TURN KEY OPERATION. Income is TAX FREE (with exemptions) if owner/operator and primary residence. Recession Proof and annual monetary benefits for upgrades to home.
BUYER must have some experience in working with people who experience mental health illness.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Possible to develop owner/operator suite

Location:

Sarnia and Simcoe Ontario

Premises Details:

Residential Support Services

Size in square feet:
3,000

Business Operation

Expansion Potential:

Possible with private beds from municipality

Competition / Market:

None

Reasons for selling:

Seller lives in Toronto and would like to slow down lifestyle

Trading hours:

24/7 operation

Employees:
6
Years established:
25+

Other Information

Support & training:

Seller will provide training and be available on-call for support. CMHA will provide training to new Owner as well.

Furniture / Fixtures value:
$25,000 (CAD)
Inventory / Stock value:
$1,500 (CAD)
Website:
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