3244 COUNTY 41 ROAD, Napanee, Ontario

$799,900

5 Baths

Fully tenanted 5-unit legal non-conforming apartment building generating a strong gross income of $91,380/year with a 9.35% 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. (id:56241)

Listing ID: X12120630
Property Type: Multi-family

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Details

Features: Irregular lot size
Parking Spaces: 5
Transaction: For sale
Zoning Description: HR-2 (Hamlet Residential - Exception2)

Building

Appliances: Dryer, Water Heater, Washer, Water Treatment
Cooling: Partially air conditioned
Fireplace Present: False
Bathrooms (Total): 5
Heating: Baseboard heaters
Type: Multi-Family
Utility Water: Drilled Well

Land

Sewer: Septic System
Size Frontage: 72 ft ,2 in
Size Irregular: 0.355
Size Total: 0.355 ac

Listing provided by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 3244 COUNTY 41 ROAD in Napanee Ontario. It was last modified on May 2nd, 2025. Contact us to schedule a viewing or to discover other Napanee real estate for sale.

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