$194.63 Per Sq Foot $10,736 est/mo Sourced by Back At You

25 Main Street E,Norwich, ON N0J 1P0

Norwich ON, N0J 1P0

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Description

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.

Details

MLS#40567108
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site103
Listing Provided ByRe/Max a-b Realty Ltd Brokerage | Marius Kerkhoff

Features

SQ Feet10,276
Garage2
BasementY
Story(s)2
ZoningI-2
Acreage0.52
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 26 minutes ago
ProvinceON
CountyOxford
CityNorwich
Postal CodeN0J 1P0
AreaNorwich
SubareaNorwich Town
Community NameNorwich Town
Listing VS Median (in Norwich Town)
Price:
$2,000,000
low | high
Med:
$689,900
100% of Average
SqFt:
10,276
low | high
Med:
1,054
100% of Average
$ / SqFt:
$195
low | high
Med:
$655
100% of Average
On Site:
103
low | high
Med:
10.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:19:51 PM PDT