9 BED HOME FOR SPECIAL CARE - PERTH COUNTY - LIST $560,000 - SOLD

9 BED HOME FOR SPECIAL CARE
  • 40 Minutes from London
  • 50 minutes from Kitchener
  • Licenced by the Ontario Ministry of Health
  • Turnkey Operation Ontario Government pays in FULL for each resident
  • In operation for over 25 years
  • Gross Income $163,00* NET $98,000*
* Based on information from Owner and full occupancy.
 
Description Annual
Income/Expenses
Gross Income $163,166.40  
Staff Wages   $34,635.00**
Groceries $11,396.28  
Home Insurance $3,663.00  
Property Taxes $4,162.52  
Hydro $2,609.86  
Water $1,655.12  
Heat (Air and Water) $1,551.24  
Phone, Cable, Internet $2,109.42  
Maintenance / Supplies $2,822.17  
Total Expenses $64,604.59  
Net Income $98,561.82  

** Varies according to the time the Owner/Operator works in the home