
Listed For $598,000
Added 5 months ago
5 Baths
0.355 Acres
Investment
$4,121 Tax / yr
-
Bedrooms
5
Bathrooms
-
Garages
0.355
Acres
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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
Census area 35110121; area-wide figures, not facts about this home.
Adapted from Statistics Canada, 2021 Census of Population, Census Profile, 2021. This does not constitute an endorsement by Statistics Canada of this product.