Retirement Home

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  • Retirement Home in SW Ontario for Sale
    $2.2M

    Retirement Home in SW Ontario for Sale

    Town W of GTA, Owner rarely there, Fully staffed & few vacant beds

    The property: A stately mansion-ette is located on a gracious tree-lined street, two blocks from the center of a quaint town (23 miles to a major city). There are lush parks, churches, shopping and restaurants surrounding this quiet town. At present, (Sept/2013) just did $25000 renovations/upgrades and the place looks awesom. They have 16 guests residing at Retirement Home Manor. Now we are advertising, getting calls, and should be filled (20) shortly. Please contact LB with questions. The rent-roll is from beginning of last 2 years. The current bank statement shows a profit after expenses. If there was no mortgage then the return, at present, could be approx. $17,000/month with only the 16 residences, as per seller.