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Assisted Living Care

The River Garden

18 Oak St, Lancaster, ON K0C 1N0

Listing Price: $1,250,000

Cap Rate
9.30%
Number of Beds
33
Gross SF
14,476
Occupancy
93.0%
Price/Bed
$37,879
Lot Size
0.82 acres
Year Built
2008

Investment Overview

Due to the confidentiality requirements of this Vendor, all introductions and site visits to be facilitated exclusively by way of the listing broker and only following duly executed non-disclosure documentation by respective buyer prospects.

Investment Highlights

  • Established in 2008 as a retirement residence & home for special care/domiciliary hostel
  • Existing contract with The Social and Housing Services Department, City of Cornwall, and United Counties of Stormont, Dundas and Glengarry
  • Variety of suite options with fireplaces, in-ground heating, large closets, and storage
  • Available future revenue growth potential
  • Potential to convert to residential apartment units

Exclusively Listed By

Assisted Living Care

The River Garden

Listing Price: $1,250,000

Cap Rate
9.30%
Number of Beds
33
Gross SF
14,476
Occupancy
93.0%
Price/Bed
$37,879
Lot Size
0.82 acres
Year Built
2008

Investment Highlights

  • Established in 2008 as a retirement residence & home for special care/domiciliary hostel
  • Existing contract with The Social and Housing Services Department, City of Cornwall, and United Counties of Stormont, Dundas and Glengarry
  • Variety of suite options with fireplaces, in-ground heating, large closets, and storage
  • Available future revenue growth potential
  • Potential to convert to residential apartment units

Investment Overview

Due to the confidentiality requirements of this Vendor, all introductions and site visits to be facilitated exclusively by way of the listing broker and only following duly executed non-disclosure documentation by respective buyer prospects.

Exclusively Listed By

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