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$649,900

Greater Napanee (Greater Napanee) ON, K0K 2W0

MLS® # X12462772

Property Information:

Fully tenanted 5-unit legal non-conforming apartment building generating a strong gross income of $91,380/year with a 10.685% cap rate. Separately metered for hydro with electric baseboard heating and heat pumps as heating sources. Recent upgrades include a newer well producing over 5 PLUS GPM (no trickle system required) and a 10,000-gallon holding tank with approx. $3,550/year in pump-out costs. Select units have seen cosmetic improvements, ensuring tenant satisfaction and reduced maintenance. Located just 10 minutes north of Hwy 401 in the quiet village of Roblin, this low-maintenance rural property offers excellent access to urban centres and is just 2 hours from Toronto or Ottawa. A solid opportunity for investors seeking stable cash flow. Detailed expense sheet available upon request. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Heating Type: Baseboard heaters
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 5
  • Features: Irregular lot size
  • Lot Depth: 139.8 Feet
  • Lot Frontage: 72.2 Feet
  • Zoning: HR-2 (Hamlet Residential - Exception2)
  • Sewer: Septic System
  • No. of Parking Spaces: 5

Courtesy of: RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 3244 COUNTY 41 ROAD, Greater Napanee (Greater Napanee), Ontario, K0K 2W0

Demographic Information of 3244 COUNTY 41 ROAD, Greater Napanee (Greater Napanee), Ontario, K0K 2W0

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$114,263.19

Average Number of Children

1.82

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.83 %

High school certificate or equivalent

24.94 %

Apprenticeship trade certificate/diploma

7.98 %

College/non-university certificate

37.4 %

University Degree

10.86 %

Commuter

Travel To Work

By Car

100.0 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.5 %

Houses

99.5 %

Own Vs. Rent