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$598,000
Greater Napanee
3244 County 41 Road, Greater Napanee (Greater Napanee), Ontario, K0K2W0
This multi-family property in Greater Napanee is for sale. It has been on the market 8 days, fresher than the Greater Napanee average of 89 days.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 8 days on market, against an average age of 89 days across the listings currently for sale in this city
This multi-family in Greater Napanee (Greater Napanee) has been listed for 8 days, which is 81 days fresher than the city average of 89. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $598,000, about 7.2× the local median household income of $83,000.
Carrying it typically needs a household income of about $116,810 (20% down, 25-yr amortization, stress-tested) — roughly 41% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0K)
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Loading rates, 30-yr amortization
Cash Needed to Close
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