3244 County 41 Road Greater Napanee, Ontario K0K 2W0
$799,900
Fully tenanted 5-unit legal non-conforming apartment building generating a strong gross income of $91,380/year with a 9.35% 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:50886)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12120630 |
| Property Type | Multi-family |
| Community Name | 58 - Greater Napanee |
| Features | Irregular Lot Size |
| Parking Space Total | 5 |
Building
| Bathroom Total | 5 |
| Age | 100+ Years |
| Appliances | Dryer, Water Heater, Stove, Washer, Water Treatment, Refrigerator |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Baseboard Heaters |
| Type | Multi-family |
| Utility Water | Drilled Well |
Land
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 139 Ft ,10 In |
| Size Frontage | 72 Ft ,2 In |
| Size Irregular | 0.355 |
| Size Total | 0.355 Ac |
| Size Total Text | 0.355 Ac |
| Zoning Description | Hr-2 (hamlet Residential - Exception2) |
Contact Us
Contact us for more information
Alexandra Grant
Salesperson
218-1154 Kingston Rd
Pickering, Ontario L1V 3B4
(613) 548-2550
www.remaxhallmark.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 09 2025 04:50:20
Kingston & Area Real Estate Association
RE/MAX Hallmark First Group Realty Ltd. , Brokerage