512 Thunder Bridge Rd, Kawartha Lakes, K9V 4R1

Listing Overview

Description

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.

2 months

On Market

Investment

Property Type

$38,380 / Year

Est. Taxes

Apartment

Style

Seniors Residence

Business Type

-

Franchise