HAMILTON MANSION -"LIVE FREE" - $847,632

 

HAMILTON MANSION in gentrifying neighbourhood with Million Dollar homes. Licenced by the Ministry of Health for 9 Special Care residents.

 

Grossing $170,000 per annum. The remainder of the house makes a lovely family home. This is an ideal family business operating since 1980 with few vacancies.

 

Rent and Board paid directly by the Ministry of Health. Home is divided as a duplex to accommodate Owners and Tenants.

 

 

 

 

 

 

 

 

Profit & Loss PROFORMA
   
INCOME  
     HSC - 9 beds x $1,550 p.m. x 12 $167,400.00
     Less 5% Vacancy $8,370.00
EFFECTIVE INCOME $159,030.00
   
EXPENSES   
     Food $14,500.00
     Supplies $5,000.00
Total Food & Supply Expenses $19,500.00
   
Operating Expenses  
     Utilities $10,200.00
     Property Taxes $4,700.00
     Insurance $4,800.00
     Accounting $2,000.00
     Cable/Internet $3,300.00
     Telephone $1,500.00
      License Fees $500.00
     Maintenance $5,000.00
     Inspections $180.00
     Office Supplies $100.00
     Travel $1,000.00
      Contingency $1,000.00
Total Operating Expenses $34,280.00
   
TOTAL EXPENSES $53,780.00
   
NET OPERATING INCOME  $105,250.00
   
*Wages not shown. Assumes Owner/Operator will live on the premises and provide the care for the 9 residents.
**Based on information supplied by the Seller. Buyer to verify all information.