10 bed care home currently rented at $7000 per month (triple net) until April 30 2025. Recent appraisal showing value of well above the asking price can be supplied upon accepted offer. Pro forma spread sheet available showing 9% return on a cash purchase and over 13% with 75% financing. Spread sheet provided for information purposes only without representation or warranty and buyers should rely on their own due diligence. Furnishings including beds, bedding, towels and linens, appliances and tvs are included. Near identical property next door at 223 Toronto St is also available and strong preference will be given to a sale involving both properties. Both buildings are in excellent condition and feature bright living spaces for residents, large functional kitchens with generous sized dining space. They each feature partial basements with plenty of storage and laundry facilities as well as a second floor with office space and staff kitchen areas. Concrete pads behind each building provides adequate staff parking. Located in a quiet residential neighbourhood and backing onto open space and baseball diamonds. These properties offer an excellent investment opportunity as rentals (tenant has expressed an interest to stay) or as an owner operator business upon expiration of the current leases.
Listing Area:
Regina
Listing Subarea:
Churchill Downs
Property Type:
Commercial
Property Sub Type:
Other (See Member Only Remarks)
Year built:
2017
(Age: 7)
Total Floor Area:
3,225 sq. ft.299.612 m2
Taxes:
$7,272 /
2024
Frontage:
37'6"11.43 m
Property Offered:
Buildings And Land
Ownership Title:
Freehold
Elevator:
None
Assets Include:
Fixtures, Leasehold Improvements, Other (See Member Remarks)
Smoke Detector:
Yes
Sprinkler system:
Yes
Total Building Size:
3,225 sq. ft.299.61 m2
Heating:
Air Conditioning, Floor Model Furnace
Construction:
Wood Frame
Onsite Parking, Wheelchair Access
Parking Facility: Yes
Power Type:
Single Phase
Amps:
100
Parking places electrified:
4
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223 Toronto next door also available
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Photo 4 of 16
Photo 5 of 16
Stairwell to second level office and kitchen
Huge kitchen
Photo 8 of 16
Second floor office
Second floor staff area
One of four bathrooms
Basement laundry
utility room
Storage space
Wide accessible hallway
4 electrified parking spaces in the rear of the building
Data was last updated October 30, 2024 at 09:35 PM (UTC)
Area Statistics
Listings on market:
71
Avg list price:
$509,900
Min list price:
$550
Max list price:
$4,999,999
Avg days on market:
114
Min days on market:
4
Max days on market:
329
Avg price per sq.ft.:
$155.93
These statistics are generated based on the current listing's property type
and located in
Regina. Average values are
derived using median calculations.
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in
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