8,074SF - Investment Opportunity - 10 Unit Care Facility

Special Purpose for Sale
Catylist Listing ID: 30334980
Property Subtypes: Senior Housing
Building Size (RSF): 8,074 SF
Gross Building Area: See Agent
Sale Price: $2,299,000
Property Use Type: Investment, Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 3/18/2019

Overview / Comments

8,074 SF - Opportunity for an entrepreneurial or professional caregiver investor group to acquire a 10 unit care facility with an adjoining property that would allow for further expansion.

Currently 10 bedrooms on the main floor with room for 5 more on the basement level. Fully wheelchair accessible, 24-hour door locking system, security alarm, fire sprinklers, and a fenced backyard for a secure environment. There is redevelopment potential for this property as RM4 would allow up to a FAR of .95 as the property is located in an identified Urban Centre, maximum site coverage of 50% and heights up to 13 m or 3 storeys. The two lots combined are rectangular in shape and total .4 acres or ±17,424 SF. The property is flat and has ±127.5 feet of frontage along Laurier Ave and ±127.5 feet along a rear lane-way. The property is ±136.5 feet in depth. Its location is central and only a short walk to the commercial area at the corner of Gordon Dr and Harvey Ave

Price: $2,299,000 + GST

MLS®: 10168874

Nathan Flavel
nate (at) mclrealestate.ca
250.979.8310 (cell)

Kris McLaughlin, CCIM, ACP
kris (at) mclrealestate.ca
250.870.2165 (cell)

MCL Real Estate Group - McLaughlin Commercial Luxury
RE/MAX Kelowna
#100 - 1553 Harvey Avenue
Kelowna, B.C. V1Y 6G1

Additional Details

Nearest CMA: Kelowna
Regional District: Central Okanagan
Parcel ID: 010-619-828 / 009-101-713
Property Located Between: Located mid-block on the north side of Laurier Avenue between Gordon Drive and Ethel Street
Typical SF / Floor: 1 SF
Year Built: 1998
Passenger Elevators: 1
Zoning Description: RM4
Legal Description: Lot 5 Plan KAP3999 District Lot 138 Land District 41 & Lot 5 Plan KAP578 District Lot 138 Land District 41 Portion E 50 FT. P.I.D. 010-619-828 AND 009-101-713..

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Photograph of Listing Agent

Kris McLaughlin

RE/MAX Kelowna Commercial First Member
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