$598,000
3244 County 41 Road, Greater Napanee, ON K0K 2W0
— beds5 baths
Key facts
- MLS®
- X13042640
- Status
- New
- Type
- Investment
- Taxes
- $4,121
- Listed
- 2026-04-24
- Brokerage
- RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
- Cross street
- Located on the Corner of Roblin Rd & County Road 41 in the Village of Roblin
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.