Homes for sale - Address not disclosed, Kawartha Lakes, ON K9V 4R1 ...

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NATALIA BIRNBAUM

natalia@ilookoutforyou.ca +1(647) 847-5665

$ 3,249,900

Est. payment | -/mo

19,258 SqFt

Save

$ 3,249,900

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 $168

Subdivision Ops

MLS Listing ID X12110883

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 rooms with 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 roofing and windows, new hot water tanks, commercial style kitchen with 6 ft exhaust hood. Improved and profitable trailing 12-month financials as a result of improved occupancy rates and increased room revenues. Exceptionally well-positioned on 2 acres of property and surrounded by existing and future residential development. As a buy-and-hold strategy with solid holding income for future development, this opportunity offers any investor the benefit of current cash flows and upside from 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.

MY BLOGS

"My job is to guide clients through the intricate process of buying or selling real estate with expertise, integrity, and unwavering dedication, ensuring their goals are not just met but exceeded as they embark on their journey towards homeownership and financial prosperity."

+1(647) 847-5665

natalia@ilookoutforyou.ca

938 Eglinton Ave W, Toronto, M6C, 2C2, Canada

Address not disclosed Kawartha Lakes, ON K9V 4R1

NATALIA BIRNBAUM

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Address not disclosed Kawartha Lakes, ON K9V 4R1

NATALIA BIRNBAUM

Key Details

Location

Interior

Exterior

Others

EXCLUSIVE

GOODBYE BIDDING WARS!Sign up now to receive notifications when we have off-market properties that match your criteria.

MY BLOGS

LUXURIOUS LIVING 2675A BATHURST ST, TORONTO: A Rare Gem in Bedford Park-Nortown

A SPECTACULAR 12-BEDROOM HOME: 102 Frontenac Ave Toronto

HOW CAN WE HELP?

Go tour this home

Address not disclosed

Free Account Required

GOODBYE BIDDING WARS!
Sign up now to receive notifications when we have off-market properties that match your criteria.