Canada Commercial Realty

Others
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Listing Serial No.

FO1756765689

Price

$15,000,000

Description

INVESTMENT SUMMARY 

DESCRIPTION:          Lakeshore Manor is a three-storey wood frame building

that contains approximately 46,211 square feet. It was constructed as a  hotel in 2016 and retrofit for senior’s home use in 2021.

Unit Mix            The unit mix includes 80 studio units that vary in size from 315 square feet to 428 square feet and the Development Permit (DP) application for 15 units of 900 sq ft apartments is currently being processed.

SITE AREA:                                      1.50 acres, more or less.

ZONING:                                             DC(TCC) (Town Centre Commercial District).

YEAR BUILT:                                    2016 as a hotel and 2021 converted to as a senior  residence

Level of Care                 Independent living.    Class D Assisted Living Complexes

REVENUE  2024 : $2,229,993,2025 (Expectation) :$2,358,374, 2026: $2,476,293

 

 

 

 

 

 

CONFIDENTIALITY AGREEMENT

    RE :

    I hereby acknowledge that information regarding above business(es) and /or Seller(s) is being provided to me SECRECY and CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) or property through Maxwell Canyon Creek Realty Francis Lee.

    I agree that such information will be held in strict confidence, that all matters concerning the a aforementioned property will be handled through Maxwell Canyon Creek Realty Francis Lee, that I will not approach or attempt to deal with the owners or employees either directly or indirectly.

    I agree not to disclose any of the information given in connection herewith, either directly, or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purpose or to circumvent Maxwell Canyon Creek Realty in any transaction or contact with the Seller(s). I agree not to make copies any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the business.
    Further, I agree that all inquires, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Maxwell Canyon Creek Realty Francis Lee. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business or property.

    I agree that any breach of the Confidential Agreement (the “Agreement”), directly or indirectly, will be harmful to the Seller(s) and Maxwell Canyon Creek Realty . In consideration for the information given, I agree that the laws of Alberta will govern this Agreement and that all actions that may arise in law and or equity shall be brought in Alberta.

    Accepted and agreed this .