UNIQUE OPPORTUNITY FOR “NO RISK” 20% R.O.I. INVESTMENT! - WATERLOO REGION - $1,500,000- SOLD

GREAT DOWNTOWN LOCATION

Why no risk? This innovative government program allows you to budget the FULL costs of operating this home INCLUDING FINANCING COSTS (Principal & Interest). The government covers all the budgeted costs and allows you a generous Owner’s overseeing income. Government subsidized Residential Care Home with long-term residents. Subsidy is not dependent on occupancy.

As costs go up, so does the budget. Therefore, you do not have to worry about: 

                        • increased labour costs;               • increased inflation cost

                        • Increased interest rates              • increased food costs

                        • increased property taxes            • vacancies

                        • increased insurance                    • maintenance

Budget is reviewed and renewed each year to ensure all costs are covered.

FEATURES OF THIS HOME:

1.     Fully updated with sprinklers

2.     Individual heating & cooling for residents. 

3.     All capital improvements ($370,000) are complete.

4.     Annual Budget is negotiated with the Government agency.
        Covers all costs including financing (principal and interest).

5.     Management, (27 years) and staff in place for a turnkey and
        “hands off” operation.

6.     Home is located downtown in a booming city with valuable real estate to
        back up your investment.

Please note, in order to be accepted for the government contract the Principal owner must have at least 3 years experience in operating a residential care home.