3244 County 41 Road, Greater Napanee, ON K0K 2W0
Greater Napanee , K0K 2W0
$598,000.00
5 Bathrooms
0.355 Acres
Commercial
Property Details
| MLS Number | X13042640 |
| Property Type | Commercial |
| City | Greater Napanee |
| City Region | 58 - Greater Napanee |
| Postal Code | K0K 2W0 |
| Cross Street | Located on the Corner of Roblin Rd & County Road 41 in the Village of Roblin |
| Street Number | 3244 |
| Street Name | County 41 |
| Lot Width | 72.18 ft |
| Lot Depth | 139.86 ft |
| Building Area | 0.355 Acres |
| Bathrooms | 5 |
| Annual Tax | $4,121.00 |
| Sewer | Septic |
| Utilities | Yes |
| Occupant Type | Tenant |
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.
Selvan Puvaneswaranathan
Broker — REMAX Crossroads