Homes for sale - 25 MAIN ST E, Norwich, ON N0J 1P0

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Mahesh Khatri

mkhatri.teammahesh@gmail.com +1(416) 464-6568

$ 2,000,000

Est. payment | -/mo

10,276 SqFt

Save

$ 2,000,000

Est. payment | -/mo

Save

10,276 SqFt

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 10,276 sqft

Price per Sqft $194

MLS Listing ID X10744430

Annual Tax Amount $13,846

Tax Year 2024

Lot Size 0.500 Acres

Property 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.

Location

Province ON

County Oxford

Area Oxford

Zoning I-2

Rooms

Basement Full

Kitchen 0

Interior

Cooling Unknown

Exterior

Parking Features Other

Garage Spaces 10.0

Pool None

Utilities Available Unknown

Roof Type Unknown

Lot Frontage 130.88

Lot Depth 171.1

Total Parking Spaces 10

Building

Foundation Block, Poured Concrete

New Construction false

Others

Security Features Alarm System,Carbon Monoxide Detectors

Listed by Re/Max a-b Realty Ltd Brokerage

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

25 MAIN ST E Norwich, ON N0J 1P0