5602 50 AVENUE
$4,250,000

Unique property: fully furnished 28 room, 58 bed institutional facility with 15 bathrooms, office space, commercial kitchen, guest dining area, laundry room, double garage, and guest common room. Located on a corner lot on the fringe of the city's downtown district. 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. Building features: 3 storeys, with concrete foundation, hardboard torch-on roofing. Heating by twin oil fired Weil McLain boilers with hot water storage tank off boiler. Other mechanical components Thyssen Krupp elevator, 1,200-amp service, Trane A/C, Fantech air-handling unit, 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. Owner would consider an earlier sale with a leaseback. (id:52981)