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$2,899,000
North Grenville
5 Queen Street, North Grenville, Ontario, K0G1J0
This multi-family property in North Grenville is for sale offering roughly 2,250 sq ft of space. It has been on the market 40 days, fresher than the North Grenville average of 75 days.
Attention Investors & Developers! Outstanding investment opportunity in the heart of Kemptville. This newly available 8-unit multiplex offers immediate value, significant upside, and turnkey potential in a high-demand, rapidly growing community. The building will be fully leased prior to closing, providing the new owner with immediate cash flow from day one. Featuring strong rental rates and quality tenants, this is a rare opportunity to acquire a stabilized multi-family asset without the uncertainty and expense of lease-up. at 5 Queen St, residents enjoy walking distance to downtown shops, local dining, parks, schools, and essential amenities, with quick access to Highway 416 for an easy commute into Ottawa. This well-designed multi-family property offers low-maintenance living and attractive units that appeal to quality long-term tenants. Strong rental demand in North Grenville makes this a solid, resilient asset for any portfolio. Ideal for seasoned investors looking to expand their portfolio, value-add buyers seeking a premium income property, or those looking for a turnkey multi-family investment in one of Eastern Ontario's fastest-growing markets. Financial details, unit breakdown, and floor plans are available upon request. Don't miss this opportunity to own a fully leased, cash-flowing asset in a prime location. Schedule your private viewing today! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 40 days on market, against an average age of 75 days across the listings currently for sale in this city
This 16-bed multi-family in North Grenville has been listed for 40 days, which is 35 days fresher than the city average of 75. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,899,000, about 30.8× the local median household income of $94,000.
Carrying it typically needs a household income of about $566,276 (20% down, 25-yr amortization, stress-tested) — roughly 502% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0G)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
