8 BED HOME FOR SPECIAL CARE - SW ONTARIO - $599,000

Generic photo to protect the privacy of residents

 

8 BED HOME FOR SPECIAL CARE

SOUTH WESTERN ONTARIO 

 

8-bed Home for Special Care with apartment for live-in operators.

Payment directly by the Ministry of Health. Income Tax exempt approved by CRA.

Stable program (50 years) by the Ministry of Health. Always full with long-term tenants.

 

 

2017 PROFORMA
   
INCOME $140,000
Operating Costs  
     Property Tax $2,900
     Insurance $2,600
     Hydro/Water $6,500
     Heating Gas $700
     Internet $1,500
     Repairs/Maintenance $2,000
     Supplies $1,500
     Food/Paper $16,000
     Staff $40,000
Total Operating Costs $73,700
   
Net Operating Income $66,300