Adult 55+
Address
N/A N/A St Norfolk, ON
Price
$ 4,350,000
Property Attributes
  • MLS#X5333468
  • TypeCommercial
  • CityNorfolk
  • AreaSimcoe
  • NeighbourhoodNorfolk
  • Postal CodeN3Y 2G6
  • StyleSeniors Residence
  • Taxes$ 7314
  • Price$ 4,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
ROYAL LEPAGE REAL ESTATE SERVICES LTD., BROKERAGE
Data Source:
Canada - Toronto Real Estate Board (TRREB)
Property Description

Opportunity To Purchase A Large Fully Leased & Licensed Retirement Residence In Sw Ontario. With Over 19000 Sqft Of Space & 39 Rooms. High Income Opportunity With Over 9% Cap Rate, Turnkey & Highly Profitable Operation. The Current Owners Have Spent Hundreds Of Thousands On Mechanical Updates That Include: Hvac, Sprinkler System, Updated Rms, Updated Common Areas, Updated Kitchen And Medial Areas, New Exterior Stucco, Windows, New Accessibility Entrance

Price History
8/9/2021 Listed $4,350,000

General Features

Amps 400
Area Norfolk
Category Apartment
Community Simcoe
Extras Door Along With Other Numerous Updates. Building Features: 19000+ Sq Ft, Exterior Parking, Well Maintained & Updated Mechanicals, Sprinkler System, Newer Roof, 400 Amp 600 V
Heater Type Gas Forced Air Closd
Legal Description Lot 10 Block 54 Plan 182*
Lotdepth 179.78
Municipality Norfolk
Property Sub Type Investment
Sprinklers Yes
Status A
Tax Year 2021
Taxes 7314.00
Utilities Yes
Water Municipal
Zoning Institutional

Interior Features

A/C Part

Exterior Features

Freestanding Yes
Garage Type None

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in N3Y 2G6

Price
AVG $4.35M
$4.35M
Taxes
AVG $7,314
$7,314
Visits
AVG 61
61

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