+33 more
5
Bathrooms
0.355 ac
Lot
5
Parking
About This Property
This 5-bathroom multi-family in Greater Napanee offers a 0.355 ac lot. The property has lot dimensions of 0.355. The home features baseboard heaters heating, partially air conditioned. Highlights include a 5-car garage.
MLS Remarks
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:60351)
Inclusions
Tenant Belongings
Property History
MLS# X12462772| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| Oct 15, 2025 | Listed For Sale | X12462772 | $649,900 | — |
MLS data tracked by our system. Earlier records or land registry transfers may not be shown.
Overview
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