511 Queensville Sideroad - Senior Housing FOR SALE


East Gwillimbury, ON L9N 0H6
$3,500,000 CAD
416-716-1893
511 Queensville Sideroad, East Gwillimbury, ON for Sale
$3,500,000 CAD
Senior Housing - FOR SALE
1/2
null | 17.55% Cap Rate

511 Queensville Sideroad
East Gwillimbury, ON L9N 0H6


HIGHLIGHTS

  • Licensed 20-bed seniors residence currently operating as Pleasant Valley Rest Home.
  • Expansive lot area of 13.91 acres.
  • Strong occupancy with 19 of 20 beds currently occupied.
  • Current gross annual income of $614,400.
  • Proposed Phase 1 concept features a 48-unit, 3-storey retirement residence.

OVERVIEW

511 Queensville Sideroad presents an opportunity to acquire an income-producing seniors residence situated on approximately 13.91 acres in East Gwillimbury, Ontario. Operating as Pleasant Valley Rest Home, the property is licensed for up to 20 residents and currently maintains occupancy of 19 of its 20 beds, generating reported gross annual income of approximately $614,400. The existing residence includes private resident accommodations, common living areas, dining facilities, and on-site support amenities designed for senior care operations. Beyond its current income stream, the property offers potential future redevelopment and expansion considerations. Architectural concepts have been prepared for a larger retirement residence that would significantly expand resident capacity, and preliminary discussions have occurred with municipal stakeholders regarding long-term development possibilities.

FOR SALE DETAILS

PRICE

$3,500,000 CAD

PRICE/SF

$1,150 CAD /SF

CAP RATE

17.55%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pleasant Valley Rest Home

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Senior Housing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.91 AC

LAND SF

605,920 SF

ZONING

RU

APN/PARCEL ID

122652

ASK ABOUT THIS PROPERTY

Cynthia WongCBRE, LimitedMore Info
416-716-1893

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Cynthia WongCBRE, LimitedMore Info
416-716-1893

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.