FOR SALE | Applefest Lodge

Address
120 Elizabeth St, Brighton, ON
Property Type
For Sale
Size
68 suites

BID DATE EXTENDED TO: 3PM EST, Thursday, March 5th, 2020 | Please submit offers to Raffaele Guglielmelli

  • Being Sold through Court Appointed Receiver
  • Applefest Lodge is an established retirement community containing 68 suites ranging from an average area of 288 SF to 350 SF
  • Strong occupancy history and stable cash flows and providing Independent or Assisted Living suites
  • Located within Brighton’s urban neighbourhood just east of the downtown core
  • Overall the Brighton market is currently under-supplied and can support significant growth in seniors’ housing absorption over the next 10 years
  • Strong upside potential through rent increases on turnover (rental rates considered to be below market)
  • Asking Price: $7,495,000 on an “As-Is Where-Is” basis
Raffaele Guglielmelli
Senior Vice President / Director, National Seniors Housing Group
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