This is an exceptional opportunity to acquire a fully renovated facility, with hundreds of thousands invested into its transformation. Currently operating as an independent living facility, it is staffed around the clock. The property offers a combination of semi-private and private rooms, with a total capacity of 49 beds ( Now operating has Trout Creek Independent Living ) .Formerly known as the Lady Isabelle Nursing Home, this facility, situated on 11 acres near North Bay, Ontario, spans 20,000 square feet and represents a prime development opportunity. Previously a 66-bed nursing home, it features various room configurations designed for single, double, and quadruple occupancy. The property includes a fully equipped kitchen and dining area, laundry facilities, lounges, an activity room, several offices and meeting spaces, as well as a former doctor's office newly furnished with beds, tables, and other essentials.The facility was also approved to operate as a temporary 49-bed long-term care center during the COVID-19 pandemic. The building sits on approximately 3.5 acres, with an additional 7.5 acres included in the sale. The current owner has an allocation for 98 long-term care beds, which the buyer can apply for, though this allocation cannot be transferred or assigned.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
20000 sq. ft. Square Feet
Total Area:
20,000 sq. ft.1,858 m2
Retail Area:
0 sq. ft. Sq Ft
Office/Apt Area:
2000 sq. ft. Sq Ft
Depth:
0'0 m
Frontage:
11'3.35 m
Lot Shape:
Irregular
Lot Details:
163.00 x 592.00
Water supply:
Well
Kitchens:
0
Soil Test:
No
Zoning:
I & RU
Heating type:
Radiant
New Construction:
No
Survey Available:
Yes
Garage:
Outside/Surface
Possession Details:
45/60 DAYS TBA
HST Applicable To Sale Price:
In Addition To
Assessment:
$1,623,000
Assessment Year:
2024
Type Taxes:
Annual
Taxes:
$26,500 /
2024
Assessment:
$1,623,000.00 /
2024
Powassan
Trout Creek
Parry Sound
Major Highway
Irregular Lot
Yes
The facility has been upgraded with a newly installed sprinkler system throughout the building, along with a modernized electrical panel and emergency response system. The septic control unit, electrical components, and two pumps/floats have been replaced. Additionally, the pumps and filtration system have been updated to ensure proper water chlorination in compliance with regulatory standards. The building also benefits from well water, eliminating water costs.
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