$ 875,000
223 Toronto STREET Regina, SK S4R1M1
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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
$ 875,000
Est. payment /mo
Active
223 Toronto STREET Regina, SK S4R1M1
3,225 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,225 sqft
Price per Sqft $271
Subdivision Churchill Downs
MLS® Listing ID SK977474
Originating Board Saskatchewan REALTORS® Association
Year Built 2017
Property Description
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 219 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. Note: seller will be repairing missing siding and fascia prior to sale. (id:24570)
Location
Province SK
Interior
Heating Furnace
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by Realty Executives Diversified Realty