512 Thunder Bridge Road, Kawartha Lakes, ON Image 1

$2,899,000

Investment For Sale
MLS - #X12285087
3 days ago- By ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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

Bed
Bath
19258 Sqft.
Outside/Surface Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

19258 Sqft

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

3 days ago

Virtual tour

None

Basement information

Building size

19258

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:N/A
Cooling:Partial
Heating:Propane Gas
Parking Features:N/A
0
Similar Homes Found
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Average Price
289900000.0%
Higher than average

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Walk Score for 512 Thunder Bridge Road

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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