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MLS® X13042640
Greater Napanee, ON
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.
Inclusions
Washer & Dryer - Coin-operated, 6 hot water tanks (electric), 5 refrigerators, 5 stoves, all water treatment devices and pumps.
Exclusions
Tenant Belongings
Broker
RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
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Investment
3244 County 41 Road Greater Napanee
Greater Napanee
Built
100+
Type
Investment
Parking
None
Property Tax
~$4,121/yr
Heating
Baseboard
Buying Essentials
Parking
None
Finances
List Price
$598,000
Property Tax
~$4,121/yr
Property Specs
Property Type
Investment
Age of Building
100+
Living & Amenities
Heating Type
Baseboard
Policies & Utilities
Neighbourhood
Greater Napanee
Listed On
Apr 24, 2026
Days on Market
Current: 197 days
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