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$ 3,750,000
Est. payment | /mo
15,555 SqFt
$ 3,750,000
Est. payment | /mo
15,555 SqFt
Key Details
Property Type Commercial
Sub Type Other (See Member Only Remarks)
Listing Status Active
Purchase Type For Sale
Square Footage 15,555 sqft
Price per Sqft $241
MLS Listing ID SK982086
Originating Board Saskatchewan
Year Built 1964
Annual Tax Amount $80,239
Tax Year 2024
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Other (See Member Only Remarks)
Property Description
Amazing opportunity in the recession proof Care Home Industry. This 51 unit care home sitting on a beautiful 5 acre parcel within the city has been fully renovated and is in turn-key condition, including updated commercial kitchen and dining facilities. Within the property grounds there is also an extra 48 rental units in 7 buildings. Nursing home can accommodate residents requiring Level 1, 2 and 3 care. There are currently only 28 residents out 51 available spots in the nursing home and there are only 39 of 48 of the residential rental units occupied, so with the right management team the remaining units could be filled and the true value of the business can be realized. Financials are available upon request
Location
Province SK
Community West Flat
Interior
Heating Hot Water, Radiant Heat
Cooling Hot Water, Radiant Heat
Exterior
Amenities Available Interior Space, Onsite Parking, Wheelchair Access
Building
Structure Type Masonry
Others
Ownership Freehold
Listed by Royal LePage Icon Realty