ON > Greater Napanee > 58 - Greater Napanee
Greater Napanee, ON K0K 2W0,3244 County 41 RD
Greater Napanee, ON K0K 2W0,3244 County 41 RD
Greater Napanee, ON K0K 2W0,3244 County 41 RD
Greater Napanee, ON K0K 2W0,3244 County 41 RD
Greater Napanee, ON K0K 2W0,3244 County 41 RD
Greater Napanee, ON K0K 2W0,3244 County 41 RD
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 699,900
Est. payment | /mo

5 Baths

Save
$ 699,900
Est. payment | /mo
Save

5 Baths

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 58 - Greater Napanee

MLS Listing ID X12462772

Annual Tax Amount $4,121

Tax Year 2024

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Lennox & Addington

Community 58 - Greater Napanee

Area Lennox & Addington

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 72.18

Lot Depth 139.86

Building

Building Age 100+

Others

ParcelsYN No

Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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3244 County 41 RD

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