SENIOR CATERED LIVING INVESTMENT OPPORTUNITY
Formerly the main hospital in Thunder Bay, this property has been converted to residential living with an emphasis on catering to senior living. Mature tenant profile of 55+ years old. 89 of the existing 109 residential units have been converted to units with kitchenettes with the residents participating in a food plan provided on the main floor dining room. 20 units still have full kitchens and can be converted on turnover. The property also has commercial tenant including CAMH, a Nurse Practitioner, and a Day Care. There is significant upside on the property in undeveloped vacant space. On floors 2 through 5 there is a north wing that has space to add 4 additional residential units on each floor or convert to amenity space. On the ground floor (basement) there is over 13,000 square feet of unused excess space which could be used for additional residential units or commercial tenant space. Recent improvements on the property include concrete repairs in the parking lot, replacement of one efficient boiler, and roof repairs over the lobby. Treat Financing As Clear And For More Information, Please Contact Skyview Realty at 416-444-6545 or by Emailing [email protected]
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