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X5878235
$1

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Price: $1

Status: For Sale 

MLS®#: X5878235

  • Tax: $22,853/Annual (2022)
  • City:Parry Sound
  • Type:Commercial
  • Style:Investment
  • Size: 11,225 Sq Ft

Features:

  • HeatingGas Forced Air Closd
  • Sewer/Water SystemsSanitary, Municipal

Listing Contracted With: ROYAL LEPAGE REAL ESTATE SERVICES LTD., BROKERAGE

Description

Opportunity To Purchase A Large Fully Leased And Licensed Retirement Residence In Parry Sound. With Over 11000 Sq Ft Of Space On 1.18 Acres Of Land With 27 Rooms. This Rarely Available Opportunity Is Ideal For An Existing Operator, Investor Or Medical Practitioner Who Is Seeking A Turnkey Operation With Excellent Expansion Capabilities. Current Zoning Permits An As Of Right Expansion Of 18,000 Sq Ft For A Total Of 56 Rooms. The Current Owner Is Open To Vendor Financing Or Partnership Structure For The Development/Expansion Concept.


Highlights

The Current Owners Have Spent Hundreds Of Thousands On Mechanical Updates That Include; Hvac, Sprinkler System, Updated Rooms, Updated Common Areas And Updated Kitchen. Building Features: 11000+ Sq Ft, 1.18 Acre Lot, Exterior Parking, Well

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Sandy Sun

Broker

Royal Lepage Real Estate Services Ltd., Brokerage

Royal LePage Real estate Servi