REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Steve Bachand
Co-Listed by Jérôme Pelletier
Co-Listed by Jérôme Pelletier
$ 699,900
Est. payment | /mo
3.86 Acres Lot
$ 699,900
Est. payment | /mo
3.86 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 15766921
Style Detached
Year Built 1996
Lot Size 3.862 Acres
Property Description
Fully sprinklered and compliant private seniors' residence featuring 11 rooms, 9 of which are currently rented, plus an on-site 4½ owner's apartment, situated on approximately 4.5 acres with both residential and commercial zoning. Effective gross revenue of $279,00/year, with a demonstrated potential of $337,200/year (2 vacant rooms represent an additional $55,200/year in annual revenue). Built in 1996, with no compliance-related capital expenditures anticipated. This is a rare opportunity for an investor or owner-operator.
CHÂTEAU MARYSIA -- PRIVATE SENIORS' RESIDENCE (11 ROOMS)
A fully sprinklered and compliant 11-room private seniors' residence, where just 2 vacant rooms represent an additional $55,200/year in achievable revenue. Featuring an on-site 4½ owner's apartment, approximately 4.5 acres of land, and no compliance-related capital expenditures required, this is an ideal opportunity for an owner-operator seeking a turnkey asset ready to perform from day one.
Income (Current Operation - 9 of 11 Rooms Occupied)
- Gross annual revenue: $279,900
- Effective gross revenue (after 2% vacancy): $274,302
- Stabilized net operating income: $66,479 (normalized expenses of $207,823, including owner salary of $52,000, employee wages, 7% management fee, and structural reserves)
Full Occupancy Potential (11 of 11 Rooms)
- Gross annual revenue: $337,200
- Effective gross revenue: $330,456
- Two currently vacant rooms represent $55,200/year in additional revenue potential
Property Highlights
- Built in 1996, two-storey building measuring approximately 91 x 38 ft
196,020 sq. ft. lot (approximately 4.5 acres) with residential and commercial zoning
- Fully sprinklered and fire-code compliant (no compliance-related capex anticipated)
- Propane-fired radiant hot water heating system
- Municipal water and sewer services
- On-site 4½ owner's apartment, a highly sought-after feature for owner-operators
- Located in a quiet and peaceful area, this property offers an excellent setting for investing in a seniors' residence.
Complete financial statements and property tours are available by appointment for qualified purchasers, subject to the execution of a confidentiality agreement.
CHÂTEAU MARYSIA -- PRIVATE SENIORS' RESIDENCE (11 ROOMS)
A fully sprinklered and compliant 11-room private seniors' residence, where just 2 vacant rooms represent an additional $55,200/year in achievable revenue. Featuring an on-site 4½ owner's apartment, approximately 4.5 acres of land, and no compliance-related capital expenditures required, this is an ideal opportunity for an owner-operator seeking a turnkey asset ready to perform from day one.
Income (Current Operation - 9 of 11 Rooms Occupied)
- Gross annual revenue: $279,900
- Effective gross revenue (after 2% vacancy): $274,302
- Stabilized net operating income: $66,479 (normalized expenses of $207,823, including owner salary of $52,000, employee wages, 7% management fee, and structural reserves)
Full Occupancy Potential (11 of 11 Rooms)
- Gross annual revenue: $337,200
- Effective gross revenue: $330,456
- Two currently vacant rooms represent $55,200/year in additional revenue potential
Property Highlights
- Built in 1996, two-storey building measuring approximately 91 x 38 ft
196,020 sq. ft. lot (approximately 4.5 acres) with residential and commercial zoning
- Fully sprinklered and fire-code compliant (no compliance-related capex anticipated)
- Propane-fired radiant hot water heating system
- Municipal water and sewer services
- On-site 4½ owner's apartment, a highly sought-after feature for owner-operators
- Located in a quiet and peaceful area, this property offers an excellent setting for investing in a seniors' residence.
Complete financial statements and property tours are available by appointment for qualified purchasers, subject to the execution of a confidentiality agreement.
Location
State QC
Interior
Inclusions Any equipment necessary for the proper operation of the business.
Exterior
Exterior Feature Piano, living room sofa, some decorative items, the seller's personal belongings.
Lot Depth 66.39
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "