3244 County 41 Road
Greater Napanee, ON K0K 2W0
About This Property
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 Details
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Features & Amenities
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- Air Conditioning
- Basement
Buying or selling in Greater Napanee?
Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.
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MLS® X12462772
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
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last list price — no longer for sale
Team Filipe · RE/MAX · (647) 210-6070
Listed By
RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE