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Last Updated : 377 Days ago
25 Main Street E, Norwich, ON, Norwich

25 Main Street E, Norwich MLS Number: 40567108

Norwich, Oxford, ON, N0J 1P0

$2,000,000

Status:

  • Area : 10276 sqft
  • Property Type: Commercial Sale (Mixed,Building and Land)
  • Property Taxes : $13846 (Tax Year:2024)
  • Listing Courtesy : Re/max A-B Realty Ltd Brokerage

25 Main Street E 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.

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25 Main Street E Property Facts

Property Type :Commercial Sale
MLS Number :40567108
Listing Type :Sale
Possession Date :
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Last Updated :23 Nov, 2024 (377 Days ago)
Source :Woodstock-Ingersoll Tillsonburg
Area :Oxford
City :Norwich
Area Major :Norwich
Area Minor :Norwich Town
Postal Code : N0J 1P0
Directions :From 401, south on Highway 59, east on Main Street in Norwich, north side of road.

25 Main Street E Property Price & Tax Insights

Price : $2,000,000
Property Taxes :$13846
Tax Year :2024

25 Main Street E, Norwich Property Details

Approx Square Footage :10276 sqft

25 Main Street E, Norwich - Price History

2024-05

09 May, 2024

TREB #40567108

Listed

$2000000

25 Main Street E - Location Map and Landmarks

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