46762 Homestead Road

Salisbury E1G 4H9

Endless opportunities await with this unique investment property! Whether you redesign it into a multi-unit rental, extend the existing structure, or convert it back into a senior care or special care home, the potential here is unmatched. Currently being being used as a 12-bedroom rooming house, plus a separate 2-bedroom apartment. This property has been cash-flowing consistently with proven income sustainability for the last two years. Built with quality, safety, and functionality in mind, this quiet building is professionally managed and fully wheelchair accessible. It features a built-in alarm and sprinkler system (with water reserve), a large rear balcony, and a wheelchair ramp at the front entrance. The 2-bedroom unit could be ideal for a live-in owner or superintendent, while the 12 rooms offer a mix of private and shared facilities: four rooms include private 2-piece bathrooms, plus a common 3-piece bathroom, a mens-only bathroom, a womens-only bathroom, and an additional common shower and sink. Wide hallways and open spaces make this property easy to navigate and adaptable to various uses. As an added bonus, the garage is also rented for extra income. (id:2493)