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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 Sale |
|---|---|
| MLS Number | :40567108 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :12 Oct, 2024 (6 Days ago) |
| Source | :Woodstock-Ingersoll Tillsonburg |
| Area | :Oxford |
|---|---|
| City | :Norwich |
| Area Major | :Norwich |
| Area Minor | :Norwich Town |
| Postal Code | : N0J 1P0 |
| Directions | :From 401, south on Highway 59, east on Main Street in Norwich, north side of road. |
| Price | : $2,000,000 |
|---|---|
| Property Taxes | :$13846 |
| Tax Year | :2024 |
|---|
| Bedrooms | :0 + |
|---|---|
| Place of Worship | :No |
| Approx Square Footage | :10276 sqft |
|---|
| Parking Space | :10 |
|---|---|
| Basement | :Full |
| Garage | :2 |
|---|
09 May, 2024
TREB #40567108
Listed
$2000000
