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Have a new shed or studio built right on your property and it can be customized to meet your needs.
BackYard Works is Vancouver's leading shed and studio builder servicing the lower mainland. Offering standard shed & studio designs that you can customize to match the appearance of your home. Apartment buildings and care homes are popular with rich investors who are looking for steady cash-flow for their investments. A property with conversion for higher density usage or with land assembly potential for high density development may sell for much lower cap rate below 4%. Care homes are generally kept in good condition as it is important to attract and to retain residents to such facilities.

There are different levels of services under which care home facilities are regulated by the BC Health Authority. Bank financing for apartment buildings and care homes are generally around 50% of the property value.
The sale and purchase of income properties are commonly determined by the cap rates as a measurement of returns on investments.
Conversely, apartment buildings with major renovation works will likely sell at higher cap rates to compensate investors for the extra costs required to update the buildings.
Independent living care or retirement homes offer active and independent seniors who needs little help to live in a senior facility.
You bank will also need to review the past 3 years financial statements to determine if they will finance your purchase.

In the Greater Vancouver area, occupation for most senior care facilities is close to 100%. There are other senior care facilities that provide Assisted Living and Residential Care (access to nurses around the clock to monitor, assess and manage their care needs).
Represents real estate for sale in the greater Vancouver area, and presents market information in The Goodman Report. Facebook is a social utility that connects people with friends and others who work, study and live around them.

10 x 12 wooden storage shed foundation
Storage almost full

Published at: Backyard Shed

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