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Retirement Home For Sale at 2915 37th STREET W in Saskatoon, Saskatchewan

updated New
4 Sale ID #225445
Updated 01 May 2024

Asking Price

$699,999

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

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Building Size

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Premise Summary

Welcome to this large bi-level currently being used as a care home. Boasting bright and spacious residential rooms, the bathrooms are equipped with hand bars for support and safety. There are 8 bedrooms in total and 3 bathrooms with 2 laundry rooms. The flooring is ceramic for easy cleaning and is hypoallergenic. There is a sunroom that can be used for afternoon tea or meditation, or just to relax in. The living room has a gas fireplace to cozy up with and the kitchen has a large island making meal prep a breeze. Double doors off the kitchen lead you to a large deck with pergola perfect for those warm evenings to sit and admire our wonderful skies. The basement has a nice gathering room/living room and there is a stairlift from the main floor to the basement. The energy efficient boiler system is new and worth approx $20,000. There is in floor heating in the basement. This great property is located in the heart of Hampton Village, close to the Shopper's and walking distance to 2 parks. Book your showing today (id:39198)

  • MLS® : #SK965881
  • Date Listed : 12 Apr 2024

Location

Province

Saskatchewan

City

Saskatoon

Address

2915 37th Street W

Postal Code

S7L7H8

Location Highlights

N/A

Listed by

RE/MAX Saskatoon Saskatchewan listing

Category

institutional-properties retirement-homes

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

1,747

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$699,999

Asking Price

$699,999

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

1,747

Other Information

Owner willing to Finance

No

Absentee Owner

No

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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