











1/136667 HIGHWAY 38, Frontenac (Frontenac South), ON K0H2W0
$449,000 total
—
Asset Class
Specialty
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
98%
Mixed-use property on a corner lot in the Village of Verona, South Frontenac Township, with its own surface parking lot. The main level is divided into four commercial units. Two of these are large front units with direct frontage and good street presence on County Road 38. A 3-bedroom apartment occupies the upper level. The building is vacant apart from one small rear commercial unit, which is occupied on a month-to-month basis. An owner-occupier can operate a business from one of the front units and live in the apartment upstairs. An investor can lease up the vacant space and benefit from the property's location in Verona's main commercial corridor. Sale includes two parcels: 6667 County Road 38 (PIN 361460211) and 4343 Walker Street (PIN 361460213), both zoned UC - Urban Commercial. Parcel 1 features a 2-storey building with +/- 11,025 SF of gross floor area comprising +/- 9,396 SF of main-level commercial space in 4 units and a +/- 1,629 SF 3-bedroom apartment above. Concrete block construction on stone foundation. Steel siding and brick exterior. Flat built-up tar and gravel roof. 400-amp, 240V, 3-phase electrical. Heated by oil furnace (main) and electric baseboard (upper). Private well water and holding tank sewage system. Parcel 2 (+/- 6,135 SF) is a gravel-surfaced parking lot with vehicular access from Walker Street. Corner lot at County Rd 38 and Walker St with excellent visibility. Approximately 35 mins from Kingston. UC zoning permits a wide range of commercial uses. Property sold as-is. Please do not attend without an appointment. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$36K
Annual cash flow
$11K
Cash-on-cash
7.95%
DSCR
1.43
Going-in cap
7.93%
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.
Trade area within 3 miles of the property.
Population
44,239
Households
16,981
Median income
$112,000
Median age
45.1
Daytime population
72,106
5-yr growth
9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 6667 HIGHWAY 38, Frontenac (Frontenac South).
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.