Property

Fully sprinklered and compliant private seniors' residence featuring 11 rooms, 9 of which are currently rented, plus an on-site 4½ owner's apartment, situated on approximately 4.5 acres with both residential and commercial zoning. Effective gross revenue of $279,00/year, with a demonstrated potential of $337,200/year (2 vacant rooms represent an additional $55,200/year in annual revenue). Built in 1996, with no compliance-related capital expenditures anticipated. This is a rare opportunity for an investor or owner-operator.

CHÂTEAU MARYSIA -- PRIVATE SENIORS' RESIDENCE (11 ROOMS)

A fully sprinklered and compliant 11-room private seniors' residence, where just 2 vacant rooms represent an additional $55,200/year in achievable revenue. Featuring an on-site 4½ owner's apartment, approximately 4.5 acres of land, and no compliance-related capital expenditures required, this is an ideal opportunity for an owner-operator seeking a turnkey asset ready to perform from day one.

Income (Current Operation - 9 of 11 Rooms Occupied)
- Gross annual revenue: $279,900
- Effective gross revenue (after 2% vacancy): $274,302
- Stabilized net operating income: $66,479 (normalized expenses of $207,823, including owner salary of $52,000, employee wages, 7% management fee, and structural reserves)

Full Occupancy Potential (11 of 11 Rooms)
- Gross annual revenue: $337,200
- Effective gross revenue: $330,456
- Two currently vacant rooms represent $55,200/year in additional revenue potential

Property Highlights
- Built in 1996, two-storey building measuring approximately 91 x 38 ft 196,020 sq. ft. lot (approximately 4.5 acres) with residential and commercial zoning
- Fully sprinklered and fire-code compliant (no compliance-related capex anticipated)
- Propane-fired radiant hot water heating system
- Municipal water and sewer services
- On-site 4½ owner's apartment, a highly sought-after feature for owner-operators
- Located in a quiet and peaceful area, this property offers an excellent setting for investing in a seniors' residence.

Complete financial statements and property tours are available by appointment for qualified purchasers, subject to the execution of a confidentiality agreement.

Inclusions : Any equipment necessary for the proper operation of the business.

Exclusions : Piano, living room sofa, some decorative items, the seller's personal belongings.