1/383244 COUNTY 41 ROAD, Greater Napanee (Greater Napanee)
3244 COUNTY 41 ROAD, Greater Napanee (Greater Napanee), ON K0K2W0
$598,000 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
99%
Lot Size
0.355 ac
About this property
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:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$31K
Annual cash flow
$-2K
Cash-on-cash
-1.06%
DSCR
0.94
Going-in cap
5.22%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
89,539
Households
39,655
Median income
$86,500
Median age
44.9
Daytime population
87,609
5-yr growth
5.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 3244 COUNTY 41 ROAD, Greater Napanee (Greater Napanee).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.