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Retirement Home

  • 00 Sq Ft
  • 14 Beds
  • Furnished
  • Mortgage
$1,295,000

Great opportunity for an owner/operator for this 14 bed Retirement Home set on just over an acre of land north of London.
5360 sq ft (MPAC) of space with lots of recent updates. All staffing, policies and procedures in place. Potential income of $316,260 with room to increase revenue offers a handsome cap rate of approx. 12.3%

- Fully Licenced by RHRA ( Retirement Homes Regulatory Authority )
-Located in Coldstream Ontario between the bustling communities of Poplar Hill and Ilderton.
-10 minutes to amenities of North London and Strathroy
-14 bright private rooms, some with 2 pc baths
-Common washrooms with safety walk in tubs
-Generous size common areas including living room, kitchen and meeting/activity space.
-Newer windows throughout
-New durable vinyl plank flooring throughout
-Completely repainted interior
-Chair lifts for easy accessibility
-Wireless call bell system Oct, 2017
-Sprinker system slated for spring 2018 installation.
-Currently staffed with a live in full time PSW (occupying one vacant room)
and multiple part time PSW’s
-All policies, procedures and contracts in place stay with the business.
-Beautiful country setting surrounded by fields and farms
-Fantastic investment for a local owner/ operator


Agent Info: