Business Profile
â– Award winning, well maintained, and healthy cashflow residential care homes business.
â– The business consists of three residential care homes and a private residence.
â– All three homes operate under the Housing with Related Support (HWRS) program managed by the Social Services Department of United County of Prescott Russell (UCPR).
â– The per diem is established by the Council of elected officials of the UCPR and is currently at $55.50/ day and $1,683.12/ month.
â– The business is well established in the community with enjoyable reputation.
â– Stable and strong management organization with outstanding and dedicated employees.
â– Professional Administration.
â– Turn key operation mostly self managed
Financials
Total of 71 rooms. Currently 1 vacancy
Operating revenue $1.3 M
Total Expenses $930 K
NOI $360 K
Asking price: $4.5 M
1
â– Right in the downtown, walking distance to all amenities.
â– 200 meters from the shore of Ottawa River
â– Central Heat (gas) and central air conditioning.
â– New roof in 2015.
â– 34 rooms with only two double occupancy.
â– At least five more rooms are large enough to offer double occupancy.
â– Outside gazebo.
â– Rear and side balconies.
â– Natural gas dryers, water heater and stove.
â– Sprinkler exemption.
2
â– All brick building.
â– New section built in 2005.
â– New roof in 2016 and 2017.
â– New modern kitchen.
â– Natural gas boilers / hot water heating, one of which is new in 2018.
â– 20 rooms, 12 of which have complete bathrooms and 2 others
can have double occupancy with shared bathrooms.
â– Staff bedroom.
â– Recording cameras and monitoring system.
â– Very large dinning and living room.
â– Fireplace in dinning / living room.
â– A/C in dinning / living room.
â– Handicap access.
â– Large front covered balcony and outside gazebo.
â– Sprinkler exemption.
3
â– All brick building.
â– Large paved parking lot.
â– Large covered rear balcony.
â– Handicap access.
â– Near all amenities.
â– New roof in 2017.
â– Back-up generator.
â– Modern kitchen.
â– Central vacuum.
â– Natural gas dryer, water heater and stove.
â– 17 rooms with two rooms large enough to offer double
occupancy.
■Large enough lot with potential for expansion – adding up to 18
more single rooms with complete bathrooms.
â– Staff bedroom and Gymnasium.
â– Storage Shed.
â– Sprinkler exemption.
Real Estate Websites by Web4Realty
https://web4realty.com/