15 BED CHO HOME - $1,199,000 - 14.4% CAP RATE - STF

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15 BED CHO HOME

1 HR FROM GTA

• Always full with a waiting list

•100% funded by the Ontario Government

• Great urban location

• Steps to downtown

PROFORMA
For the year ended January 31, 2023
   
  2023
Revenue $324,528
   
Operating Expenses  
Accounting Fees $2,500
Automotive Expenses $2,000
Insurance $6,000
Maintenance $5,000
Occupancy Costs - Utilities $10,000
Office and General $1,000
Property Tax $5,000
Supplies & Food $40,000
Telephone $2,000
Wages and Benefits $78,000
Total Expenses $151,500
   
Net Income $173,028
   

**NOTE: Information provided by Seller.
              Buyer must verify all information.