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$2,000,000
Status: For Sale
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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X10744430 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :05 Dec, 2024 (15 Days ago) |
| Source | :TRREB |
| Area | :Oxford |
|---|---|
| Postal Code | : N0J 1P0 |
| Price | : $2,000,000 |
|---|---|
| Property Taxes | :$13846.00 |
| Tax Year | :2024 |
|---|
| Cross Street | :From 401, south on Highway 59, east on Main Street in Norwich, north side of road. |
|---|
05 Dec, 2024
TREB #X10744430
Available
$2000000.0
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