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. (id:4069)
Address
25 MAIN STREET E
List Price
$2,000,000
Property Type
Business
Area
Ontario
Sub-Area
Norwich
Floor Area
10,276 Sq. Ft.
Lot Size
Unit=130.88 x 171.1 Acre Sq. Ft.
MLS® Number
X10744430
Listing Brokerage
Re/Max a-b Realty Ltd Brokerage
Postal Code
N0J1P0
Zoning
I-2
Features
Elevator
