3244 COUNTY 41 ROAD
Greater Napanee (Greater Napanee), Ontario
MLS® X13042640
$598,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13042640
- Bedrooms
- —
- Bathrooms
- 5
- Year built
- —
1 / 38Listing 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.
Property summary
- MLS® number
- X13042640
- Property type
- Multi-family
- Building type
- Multi-Family
- Land size
- 0.355 acres
- Annual property taxes
- $4,121.00
- Parking
- 5 spaces
- Days on market
- 124 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- Partially air conditioned
- Appliances
- Washer, Dryer, Water Treatment, Water Heater
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $598,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE, PICKERING.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.