This private care home presents a prime investment opportunity with development permit in place for significant expansion. The existing 19-unit facility has recently undergone extensive renovations, offering a modern & well-equipped space for residents. The 8,300 sq ft, 3-story building includes a commercial-grade kitchen, staff rooms, administrative offices, dining & common areas +19 units w/ ensuites. The adjoining unimproved lot for sale at 7005 East Saanich has a Development Permit in place to significantly expand the capacity of the care home for a 17,000+ sqft new building comprised of 68 more beds. The location is strategically positioned to meet the growing demand for senior care in this community with proximity to Sidney, one of North America's most desirable retirement communities. This offering is an ideal investment for larger corporations looking to expand operations on Southern Vancouver Island. Do not approach staff/tenants or tour site without listing agent present. (id:47421)
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Detailed Information
Listing Contract Date
2024-04-03
Municipal ID
024-850-161
Ownership Type
Strata
Plan
VIS4012
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
RP1 Res. Intitutional
Zoning
Unknown
Business
Business Type
Health Care and Social Assistance
Building
Constructed Date
2000
Heating Fuel
Electric
Heating Type
Baseboard heaters
Size (Exterior)
8317 square feet
Type
Multi-Family
Land
Total Size
7063 square feet
Access Type
Road access
Size of Irregular Land
7063
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