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Assisted Living Care

53 Long Sault Dr

53 Long Sault Dr, Long Sault, ON K0C 1P0

Listing Price: Request For Offer

Number of Beds
66
Gross SF
20,000
Occupancy
91.0%
Lot Size
1.88 acres
Year Built
2017

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

  • Professionally managed 66 unit 4 storey seniors housing facility strategically located with a spectacular view of the waterfront
  • Expanded from 34 units in late 2017
  • As of the end of 2021, there were 60 rooms rented (91%) with approximately 29 rooms considered Assisted Living & the remainder considered Independent Living
  • With a new larger modern kitchen area, an expanded dining area, a new doctor's office & nurse's station also features several salons & sitting areas, activity rooms, a hair salon, elevator, balcony with a pergola, 5 terrace suites, & a second patio
  • The entire facility is sprinklered throughout, with new security features (magnetic door closures, an upgraded fire alarm & fire suppression), a back-up generator & a vertical lift in the older section
  • Good upside rental potential through rental increases for both rent & care when units are vacated & with general annual increases
  • With an adjacent lot (SOLD SEPARATELY) to the west of the facility offering additional density for a seniors' apartment building (ageing in place) or an extension of the current facility
  • Although offered as an Asset Sale, potentially appealing as a Share Sale, maximizing loss carry forwards for tax purposes & an excess of undepreciated capital cost over net book value

Exclusively Listed By

Assisted Living Care

53 Long Sault Dr

Listing Price: Request For Offer

Number of Beds
66
Gross SF
20,000
Occupancy
91.0%
Lot Size
1.88 acres
Year Built
2017

Investment Highlights

  • Professionally managed 66 unit 4 storey seniors housing facility strategically located with a spectacular view of the waterfront
  • Expanded from 34 units in late 2017
  • As of the end of 2021, there were 60 rooms rented (91%) with approximately 29 rooms considered Assisted Living & the remainder considered Independent Living
  • With a new larger modern kitchen area, an expanded dining area, a new doctor's office & nurse's station also features several salons & sitting areas, activity rooms, a hair salon, elevator, balcony with a pergola, 5 terrace suites, & a second patio
  • The entire facility is sprinklered throughout, with new security features (magnetic door closures, an upgraded fire alarm & fire suppression), a back-up generator & a vertical lift in the older section
  • Good upside rental potential through rental increases for both rent & care when units are vacated & with general annual increases
  • With an adjacent lot (SOLD SEPARATELY) to the west of the facility offering additional density for a seniors' apartment building (ageing in place) or an extension of the current facility
  • Although offered as an Asset Sale, potentially appealing as a Share Sale, maximizing loss carry forwards for tax purposes & an excess of undepreciated capital cost over net book value

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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