Looking for an investment with a return with a 7.5% cap rate? This property is operated as a retirement home with 20 beds, main floor kitchen plus an on-site residence for the owners, a car port , ample parking, and substantial upgrades over the past seven years, including a new elevator, fire suppression systems, windows, stand by generator, and much more. This is a building/land sale only. The tenant will sign a 5 year triple net lease with an extension option for a further 10 years.
MLS# | 40567108 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active Under Contract |
Days On Site | 217 |
Listing Provided By | Re/Max a-b Realty Ltd Brokerage | Marius Kerkhoff |
SQ Feet | 10,276 |
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Garage | 2 |
Basement | Y |
Story(s) | 2 |
Zoning | I-2 |
Acreage | 0.52 |
Province | ON |
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County | Oxford |
City | Norwich |
Postal Code | N0J 1P0 |
Area | Norwich |
Subarea | Norwich Town |
Community Name | Norwich Town |
Listing VS Median (in Norwich Town) | |
Price: $2,000,000 low | high Med: $695,000 SqFt: 10,276 low | high Med: 2,245 $ / SqFt: $195 low | high Med: $310 On Site: 217 low | high Med: 182.000000 |