agent pic

$2,899,000

Jul 15Investment For Sale
bedroomsbed
washrooms0bath
MLS - #X12285087

512 Thunder Bridge Road, Kawartha Lakes, ON K9V 4R1

0
Similar Homes Found
$0
Average Price
289900000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 512 Thunder Bridge Road

A rare opportunity to take over a well-managed and cared for Retirement Home in South Kawartha Lakes County. This home has over 35 roomswith a mix of studio and one-bedroom units, 2pc and 3pc ensuite bathrooms in most rooms and an operating occupancy rate average of 89%.Excellent mechanicals and upgrades including: updated electrical service (400 amps), new cistern, multiple forced air heating and cooling units,sprinkler system with diesel backup generator, propane generator, updated roofng and windows, new hot water tanks, commercial style kitchenwith 6 ft exhaust hood. Improved and proftable trailing 12-month fnancials as a result of improved occupancy rates and increased roomrevenues. Exceptionally well-positioned on 2 acres of property and surrounded by existing and future residential development. As a buy-andhold strategy with solid holding income for future development, this opportunity offers any investor the beneft of current cash fows and upsidefrom future development or land inclusion.

Home Overview

Last updated

Jul 15

Virtual tour

None

Basement information

Building size

19258

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Additional Details

Basement:N/A
Cooling:Partial
Heating:Propane Gas
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

Map loading...
Walking Icon

Walk Score for 512 Thunder Bridge Road

Some information about this property - Thunder Bridge Road

Book a Showing

Find your dream home ✨

I agree to receive marketing and customer service calls and text messages from homepapa. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service.