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219 Toronto Street in Regina: Churchill Downs Commercial for sale : MLS®# SK977423

219 Toronto Street Regina S4R 1M1 : Churchill Downs

Main Photo: 219 Toronto Street in Regina: Churchill Downs Commercial for sale : MLS®# SK977423
$875,000
Prop. Type:
Commercial
MLS® Num:
SK977423
Status:
Active
10 bed care home currently rented at $7000 per month (triple net) until April 30 2025. Recent appraisal showing value of well above the asking price can be supplied upon accepted offer. Pro forma spread sheet available showing 9% return on a cash purchase and over 13% with 75% financing. Spread sheet provided for information purposes only without representation or warranty and buyers should rely on their own due diligence. Furnishings including beds, bedding, towels and linens, appliances and tvs are included. Near identical property next door at 223 Toronto St is also available and strong preference will be given to a sale involving both properties. Both buildings are in excellent condition and feature bright living spaces for residents, large functional kitchens with generous sized dining space. They each feature partial basements with plenty of storage and laundry facilities as well as a second floor with office space and staff kitchen areas. Concrete pads behind each building provides adequate staff parking. Located in a quiet residential neighbourhood and backing onto open space and baseball diamonds. These properties offer an excellent investment opportunity as rentals (tenant has expressed an interest to stay) or as an owner operator business upon expiration of the current leases.
Listing Area:
Regina
Listing Subarea:
Churchill Downs
Property Type:
Commercial
Property Sub Type:
Other (See Member Only Remarks)
Year built:
2017 (Age: 7)
Total Floor Area:
Switch units of measure3,225 sq. ft.
Taxes:
$7,272 / 2024
Frontage:
Switch units of measure37'6"
Property Offered:
Buildings And Land
Ownership Title:
Freehold
Elevator:
None
Assets Include:
Fixtures, Leasehold Improvements, Other (See Member Remarks)
Smoke Detector:
Yes
Sprinkler system:
Yes
Total Building Size:
Switch units of measure3,225 sq. ft.
Heating:
Air Conditioning, Floor Model Furnace
Construction:
Wood Frame
Onsite Parking, Wheelchair Access
Parking Facility: Yes
Power Type:
Single Phase
Amps:
100
Parking places electrified:
4
Listed by Realty Executives Diversified Realty
Data was last updated September 18, 2024 at 11:35 AM (UTC)
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The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
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