B & B Hotel Retirement Home 16 Rooms
Location Ontario,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $75000
Net Profit / Cash Flow $55000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Description Beautiful historic brick home in a small town of Lucknow, 20 min from Lake Huron.
Landscaped 220' x 118' lot with mature trees and hedges.
Built in 1880, this residence is now set up to offer independent retirement living and also Bed & Breakfast
accommodation. 8 bedrooms, 7 bathrooms, 4,500 sf living space, 16 rooms in total on 2 floors.
12 rooms are being rented now with 2 more rooms to be finished.
Municipal water and sewer. Oil fired hot water radiant heating. Full unfinished basement with walkout.
Major upgrades done. Many possibilities for further development. Close to park, schools and all amenities.
Convenient highway access. See the layout of the building ...
Contents on the building is negotiable in addition to asking price.
Property taxes $2,000. Asking price $675,000.
Thank you.
Andrew Sobczak
Broker of Record
On Georgian Bay Real Estate Inc.
Real Estate Brokerage
Member of the Muskoka & Haliburton Real Estate Board
RR2, PO Box 174, Victoria Harbour, ON L0K 2A0
Email or phone 705 543 1341
Click Here To Contact Seller
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