141 Av. Centrale S., Stratford, QC G0Y 1P0

  • $699,900
  • 0 Bedrooms
  • 0 Bathrooms
  • 1996
  • MLS: 15766921

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.

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.

Included

Any equipment necessary for the proper operation of the business.

Excluded

Piano, living room sofa, some decorative items, the seller's personal belongings.

Municipal land valuation (2026)

$74,500

Municipal building valuation (2026)

$316,900

Total valuation

$391,400

Addenda

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.

BUILDING
Move-in date or deadline 30 days
Type Building and business sale
Style Detached
Building Dimensions 3,133
Lot Area 168,249
EXPENSES
Insurance $ 12405 / year
Energy cost $ 8963 / year
Maintenance / Repairment $ 5796 / year
Municipal Taxes (2026) $ 4900 / year
School taxes (2026) $ 255 / year
CHARACTERISTICS
Mobility impared accessible Adapted entrance, Exterior access ramp, Stair lift
Roofing Asphalt shingles
Zoning Commercial, Residential
Heating energy Electricity
Heating system Hot water, Radiant
Sewage system Municipal sewer
Water supply Municipality
Driveway Not Paved
Basement Other
Foundation Poured concrete
Windows PVC
Kind of commerce Seniors' residence
Type of business/Industry Service
Siding Vinyl
Distinctive features Wooded lot: hardwood trees

Loading maps...

Loading street view...