ON > Kawartha Lakes > Ops
Kawartha Lakes, ON K9V 4R1,Address not disclosed
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 2,899,000
Est. payment | /mo

19,258 SqFt

Save
$ 2,899,000
Est. payment | /mo
Save

19,258 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 19,258 sqft

Price per Sqft $150

Subdivision Ops

MLS Listing ID X12285087

Annual Tax Amount $38,379

Tax Year 2024

Property Sub-Type Investment

Property 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.

Location

Province ON

County Kawartha Lakes

Community Ops

Area Kawartha Lakes

Zoning ZONE TYPE* I-2 and R3, Instit/Res

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 290.74

Lot Depth 297.94

Others

Security Features Yes

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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