Average square foot calculated using Size range provided by listing agent.
Description
For Sale - Fully Leased Investment Property. Established Residential Care Facility for the Elderly (RCFE). This well-established RCFE is currently generating rental income 32% above the local market average. With built-in annual rent increases of 4%, the income is projected to grow by an additional $600 annually, resulting in 49% above-market income in the coming years. An excellent opportunity to acquire an instant income-producing property with 2.5 years remaining on a triple-net lease with a long-term tenant in a stable industry. Strong rental income with potential for lease renewal. Highlights: - Fully leased to reputable tenant - 2.5 years remaining on lease term - Minimal landlord responsibilities - Ideal for investors seeking reliable cash flowShow Description
MLS® Number225105082
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelOther
Exposure
ExteriorFenced Yard
GarageNo
Approx. Age1997
Stories1
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatCentral, Fireplace(s)
A/CCeiling Fan(s), Central, Whole House Fan
Heating Fuel
Extras
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