Unique property: a fully furnished 28 room, 58 bed institutional facility with 15 bathrooms as well as office space, a commercial kitchen, guest dining area, laundry room, double garage, staff room, and guest common room/ children’s play area.

Currently used as a medical travel boarding home that could be also utilized as a hostel, budget hotel, transitional housing, a special care residence or staff housing.

Located on a corner lot in the Matonabee area on the fringe of the city’s downtown district.

Building features: three-storey with concrete foundation, hardboard torch-on roofing. Heating by twin oil fired Weil McLain boilers with Weil McLain hot water storage tank off boilers Other mechanical components include a Thyssen Krupp elevator, 1,200-amp Square D electrical panel, a Trane Airstack A/C condensing unit, a Fantech air-handling unit, Notifier fire alarm control panel and sprinkler system.

Proposed possession date is 30-60 days after the current owner moves into its new facility which is currently under construction. Tentative target date is August-Sept. 2027. The owner would consider an earlier sale with a leaseback.

Building Specs

The subject property is a three-storey wood frame structure on a poured concrete foundation on steel piles. The exterior finish consists of hardboard siding with masonry veneer. The building has torch-on roofing.

The main floor consists of an entrance foyer, office spaces, a commercial kitchen, guest dining area, mechanical room, laundry room and three washrooms and a garage with two overhead doors that serves as a storage and loading area. 

The second floor provides fourteen bedrooms – two of which have two-piece baths, three full baths- two with bathtub and one with shower and a staff room.

The third floor provides fourteen bedrooms – two of which have two-piece baths, three full baths -two with bathtub and one with shower and a common room.

Most of the flooring is linoleum with laminate in some main floor areas and concrete slab in kitchen laundry, mechanical and garage. The ceiling is suspended ceiling tiles in most common areas with painted drywall in bedrooms, laundry, mechanical and garage. The building is fully sprinkled.

Heating is provided by twin oil fired Weil McLain boilers with Weil McLain hot water storage tank off boilers. Heating is provided by baseboard units in most areas with ceiling mounted fan in the garage. Other mechanical components include a Thyssen Krupp elevator, 1,200-amp Square D electrical panel, a Trane Airstack A/C condensing unit, a Fantech air-handling unit and a Notifier fire alarm control panel.

2025 Utility Costs

Electricity: $56,722.55

Heat/Fuel: $56,324.65

Water/Sewer/Garbage: $29,132.73

Snow Removal/ ground maintenance: $12,540

Rooms

6 double beds

52 single beds

56 headboards with nightstands

28 wall cabinets

28 dressers

24 Armchairs

29 tvs

All wall fixtures

Offices

Phone system – 38 phones

7 Desks

4 office cabinets

4 Armchairs

6 office chairs

3 couches

2 end tables

1 coffee table

Kitchen

All racks

Walk in cooler/freezer

Deep fryer

Convection oven

6 burner range

2 ovens, flat grill

Dishwasher

Ice machine

Stand up fridge

6 dining tables

24 dining chairs

All pots, pans, dishes, utensils, cutlery

5 washers

5 dryers

Annual costs

Electricity: $56,722.55

Heat/Fuel: $56,324.65

Water/Sewer/Garbage: $29,132.73

Snow Removal (coded to the repairs and maintenance account and calculated separately from the rest of the R&M expenses): $12,540