3244 County 41 Road, Greater Napanee, ON K0K 2W0
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 facts & features
- Property type
- Investment
- MLS® number
- X14122812
- Source status
- New
- Bedrooms
- Not provided
- Bathrooms
- 5
- Reported interior area
- 0.355
- Neighbourhood
- Not provided
- Postal code
- K0K 2W0
- Garage
- None
- Lot depth (source units)
- 139.86
- Annual property tax
- 4121
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $598,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Greater Napanee →Listing brokerage: RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X14122812. Information deemed reliable but not guaranteed.