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 t...rickle 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.
Full Property Details
General
Business Type
Apts - 2 To 5 Units
Total Area
0.35 Acres
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Apts - 2 To 5 Units
Total Area
0.35 Acres
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
5
Heating Fuel
Baseboard
Air Conditioning
Partial
Washrooms
5
Heating Fuel
Baseboard
Air Conditioning
Partial
Exterior
Depth
139.86
Front
72.18
Lot Size
72 x 139.86 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
HR-2 (Hamlet Residential - Exception2)
Depth
139.86
Front
72.18
Lot Size
72 x 139.86 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
HR-2 (Hamlet Residential - Exception2)
Building Description
Home Type
Commercial
Subtype
Investment
Year Built
100+
Sewers
Septic
Water Supply
Well
Possession Date
No Data
Home Type
Commercial
Subtype
Investment
Year Built
100+
Sewers
Septic
Water Supply
Well
Possession Date
No Data
Community
Community
Greater Napanee
Community
Greater Napanee
Taxes & Fees
Taxes
$4,121 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$4,121 /yr
Tax Year
2025
Occupancy
Tenant
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