Norwich, ON N0J 1P0,25 Main Street E
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Norwich, ON N0J 1P0,25 Main Street E
Norwich, ON N0J 1P0,25 Main Street E
Norwich, ON N0J 1P0,25 Main Street E
Norwich, ON N0J 1P0,25 Main Street E
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Listed by Marius Kerkhoff • Re/Max a-b Realty Ltd Brokerage
$ 2,000,000
Est. payment /mo
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Active Under Contract

25 Main Street E Norwich, ON N0J 1P0

10,276 SqFt


UPDATED:

11/23/2024 06:02 AM

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 10,276 sqft

Price per Sqft $194

MLS Listing ID 40567108

Abv Grd Liv Area 10,276

Originating Board Woodstock-Ingersoll Tillsonburg

Annual Tax Amount $13,846

Lot Size 0.519 Acres

Acres 0.519

Property Description

Looking for an investment with a return with a 7.5% cap rate? This property is operated as a retirement home with 20 beds, main floor kitchen plus an on-site residence for the owners, a car port , ample parking, and substantial upgrades over the past seven years, including a new elevator, fire suppression systems, windows, stand by generator, and much more. This is a building/land sale only. The tenant will sign a 5 year triple net lease with an extension option for a further 10 years.

Location

Province ON

County Oxford

Area Norwich

Zoning I-2

Direction From 401, south on Highway 59, east on Main Street in Norwich, north side of road.

Rooms

Basement Full

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Parking Features Attached Garage, Asphalt

Garage Spaces 2.0

Utilities Available Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected

Street Surface Paved

Lot Frontage 130.88

Lot Depth 171.1

Garage No

Building

Lot Description Ample Parking, Highway Access

Faces From 401, south on Highway 59, east on Main Street in Norwich, north side of road.

Story 2

Foundation Block, Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 000650039

Ownership Freehold/None


Elizabeth Pullman

Advisor | License ID: 4780123

+1(905) 329-0460

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25 Main Street E