York River (Bancroft, Ontario, CA - K0L 1C0)
$3,888,000 Profitable Senior Lifestyle Investment

"Hospitality Based Seniors' Independent Living " 
Coldwell Banker Sarazen Realty, Brokerage


Address: 34 Hastings St. S.
Type: Commercial
Style:  2 Storey
Development Level: Built
Bedrooms: 30 "Potential for more"
Bathrooms: 33
Basement: Yes, Walkout
Size: 24,000 sq. ft.
Lot Type: Irregular
Lot Size:  2.79acres  600ft "On York River"
Year Built: 2009 "Restored & Upgraded in 2009"
Taxes: $21,139.00 (2021)
MLS® #: 40192975

Profitable, well run hospitality based seniors' independent living residence located on almost 3 acres with 600 ft. of riverfront in a rural community. The property is zoned Multi-Unit Residential with room for expansion. There are 30+ rooms for the residents who enjoy home cooked meals served in the huge dining room, long term and onsite staff, a spa, pub, activity rooms, audio/visual room, work space, games/arts/crafts, laundry facilities, a sunroom overlooking the gardens and front entry atrium leading to the lobby. The 24,000 sq. ft. former Red Cross Hospital building was totally renovated and restored in 2009 and features geo-thermal heating and air conditioning, updated electrical and plumbing, kitchen facilities, offices, safety features such as sprinkler system & fire escape towers, elevator lift, plus recently installed steel roofing, membrane on flat roofs and a large, paved parking lot for residents and visitors. Local transit is also available. This is an Asset sale, with the property, building, all chattels, equipment and supplies included. The current employees must be assumed with their existing terms of employment to remain the same. All contracts for services, supplies, equipment and maintenance can be assumed. Currently it is fully occupied with an extensive resident waiting list, as this is the premier residence in the area for active seniors. Respect for the residents and their needs, the community and the environment are of utmost importance to the owners. Further details are available.
Sewer/Water Systems
 River View  Water Front  Water View
Lot Features
 Garden Area  Landscaped  Lawn
 Trees / Shrubs
Extra Features
 Controlled Access  High Speed Internet Available  Lobby
 Semi-Private Elevator  Storage
Brokered and Advertised by:
   BOWES & COCKS LTD., Brokerage

Information is deemed to be correct but not guaranteed.

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