Complete Listing

Résidence Privée pour Aînés
Résidence Marie-Clothilde, Joliette | 145 Units

Cap Rate
8.1 %
Cash on cash
12.5 %
Cash + principal
15.4 %
IRR with 2% market appreciation
20.1 %

The private senior residence Marie-Clothilde, located in the heart of downtown Joliette, offers services to an independent clientele and loss of autonomy. Spread over 4 blocks of 2 to 4 storeys, the property has 145 units of which 127 are currently operated plus 18 others to be renovated and upgraded.The wing to renovate was converted into senior housing in 1984 while the rest of the property was built between 2000 and 2002.

The current occupancy rate of the property is 96%. It is worth mentioning, however, that Joliette is one of the lowest vacancy rates in Canada, at 1.7% in 2018, according to a CMHC report. In addition, an agreement with CIUSS has been in place for more than a year for a total of 25 beds in the care wing. All indications are that this agreement will continue due to the growing demand for the services offered by Résidence Marie-Clothilde.

We are looking for an experienced and qualified buyer in the private retirement homes sector to acquire 100% of the asset presented. For more information, request the complete listing by signing the confidentiality agreement and contact François Gagnon, Chartered Real Estate Broker at 514-927-1837.

Complete listing request

Veuillez remplir le formulaire ci-dessous et nous vous enverrons l'entente de confidentialité.

The confidentiality agreement will be sent to this email address