5554 HIGHWAY 38
Frontenac (Frontenac South), Ontario
MLS® X13649708
$1,299,900
- Status
- Active
- Property type
- Business
- MLS® number
- X13649708
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 22Listing description
Exceptional multi-stream investment opportunity on a 2-acre commercially zoned property offering 3 established income sources (Car Wash/Vacuum, Storage Units, Solar Panels) with consistent year-over-year growth, strong profit margins, and significant expansion potential. Car Wash - 4 self-serve bays (2 optional drive-thru), including one oversized bay for RVs, buses, and commercial vehicles. Coin and tap-to-pay debit operated.
20-year proven track record with a recession-proof, pandemic-proof cash business model and no franchise fees. Storage Units - 14 fully rented units (2 x 10'10', 12 x10'20') with a waiting list year after year and substantial room to grow. Current storage rates are significantly below market comparables; representing an immediate value-add opportunity for a new owner.
Solar: 10kW rooftop solar system currently under contract with Hydro One, with remaining term providing passive income for approximately 3 more years. Upon contract expiry, generation can be redirected to offset car wash operating costs. Everything can be remotely managed with minimal upkeep, little to no staff, 24/7 service and access.
Property summary
- MLS® number
- X13649708
- Property type
- Business
- Leasable Area
- 2,600 sq ft
- Land size
- 2.005 acres
- Annual property taxes
- $5,766.30
- Days on market
- 52 days
Features & details
- Heating
- No heat
- Cooling
- None
What would this home cost you?
Based on the $1,299,900 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 RISE EXECUTIVES, BROKERAGE, KINGSTON.
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.