1360 Maryhill Road, Woolwich - Business for Sale
1360 Maryhill Road, Woolwich, Ontario, N3B1N2
Description
Rare opportunity to acquire a licensed retirement home on approximately 1.415 acres with a licensed capacity of 52 beds. The facility offers approximately 32 resident rooms/suites, including a mix of private, semi-private and shared accommodations, as well as 3 self-contained apartment-style suites featuring private bedrooms, living areas, full kitchens and bathrooms.The property includes a commercial kitchen, spacious dining hall, multiple resident lounges, chapel, hair salon, staff lounge and several administrative and management offices. Approximately 40 washrooms are located throughout the facility, serving resident, staff and common areas.The current operation functions as a licensed retirement home and has historically operated as a long-term care/nursing home. During ownership, the property has benefited from numerous improvements including roof work, HVAC upgrades, commercial refrigeration upgrades, grease trap replacement, sewage system improvements, increased water capacity, fire and life safety system upgrades, flooring, interior painting and ongoing maintenance.An opportunity for investors, operators and healthcare providers seeking an established seniors' care facility with existing infrastructure. All measurements, room counts, capacities, licences and permitted uses are to be independently verified by the Buyer. Buyers are responsible for conducting their own due diligence regarding zoning, licensing, approvals and future intended use. (id:66096)
Property Details
- MLS®
- X13569482
- Property Type
- Business
- Zoning
- V
- Parking
- 16
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $51,000/yr
- Listed
- 111 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 111 days on market, against an average age of 71 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 98.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N3B)
This home lists at $4,500,000, about 42.1× the local median household income of $107,000.
Carrying it typically needs a household income of about $879,008 (20% down, 25-yr amortization, stress-tested) — roughly 722% above the area median.
- Median household income
- $107,000
- Population
- 13,190
- Median age
- 38.4
- Owner / renter
- 82% / 18%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA N3B)
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$4,500,000
Woolwich