Housing Facility (Odsp Supported)

Not on MLS®

$5,500,000

For Sale: Special Purpose, Hospitality, Multifamily in Niagara Falls, ON

Listing Details

Description

Lucrative Government-Funded Opportunity for Sale Are you looking to add a high-yielding, government-funded asset to your portfolio? We present a rare opportunity to acquire one or both of two fully occupied properties, with the option to purchase the underlying business with the real estate or just the real estate. Key Highlights: - 10+ years of consistent profitability, with returns driven by the Ontario Disability Support Program (ODSP) - Two properties available for sale, with a total of 51 beds and a range of amenities - Option to purchase the business and properties together, or just the properties alone - Development potential to be verified with the town, offering a potential upside for investors Property Summaries: - LST Property: - 31 beds, with 23 private and semi-private suites - 17 suites with ensuite washrooms - Large commercial kitchen, supporting food distribution to multiple locations - Ample storage and steps to Lake Erie - B Property: - 20 beds, with moderate-sized private single occupancy rooms - Recreation room in the basement, providing a comfortable space for residents Purchase Options: 1. Purchase the Business and Properties: Acquire the current operations, including the properties, and take advantage of the established cash flow and government funding. 2. Purchase the Properties Only: Buy the real estate assets, with the potential to lease them back to the existing operator or find a new tenant. Why Invest: - Secure government funding through the ODSP program - Established cash flow, with a proven track record of profitability - Opportunity to diversify your portfolio with a unique, high-yielding asset - Potential for development and upside, subject to town verification Don't miss this rare opportunity to acquire a lucrative, government-funded asset. Contact us today to learn more and discuss the details of this exceptional investment opportunity.

Location & nearby

This listing is located in Niagara Falls, ON

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