Residential Care Homes for sale in Canada

The answer depends on the province, resident needs and services offered. Verify whether the operation is licensed residential care, assisted living or another class, and whether the proposed ownership requires new approval.

Compare current assessments, service plans, medication support and mobility needs with the home's authorized care level. Investigate residents requiring unapproved services, extra staffing or transfer, because this can affect occupancy and compliance.

Reconcile resident agreements, move-in and move-out dates, room records, invoices and deposits. Separate accommodation, care packages, meals and optional services, then test vacancy history and revenue lost during hospital stays or room renovations.

Check schedules, qualifications, criminal record screening, first aid, medication training and overnight coverage against provincial rules and resident plans. Include overtime, relief staff and manager replacement costs when normalizing the seller's earnings.

Review deposits, prepaid charges, notice rights, fee increases, refunds, trust balances and promised services for every resident. Confirm which obligations continue after closing and how residents or representatives must be notified of ownership changes.

Verify fire and occupancy approvals, emergency plans, accessibility, food-service areas, water systems and maintenance records. Confirm the building can legally support the licensed resident profile, especially where mobility assistance or evacuation support is required.