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.
Property Summary
Property TypeInvestment
Community Name58 - Greater Napanee
Land Size72.18 x 139.86 ft
Age of Building100+
Annual Property Taxes$4,121.00
Tax Year2025
Parking TypeNone Garage
Building details
Bathrooms / washrooms5
Property typeInvestment
Approximate age100+
Lot & land
Lot dimensions72 × 140 ft
Lot frontage72 ft
Lot depth140 ft
Interior Features
InclusionsWasher & Dryer - Coin-operated, 6 hot water tanks (electric), 5 refrigerators, 5 stoves, all water treatment devices and pumps.
ExclusionsTenant Belongings
Heating & Cooling
CoolingPartial
Heating TypeBaseboard
Utilities
Utility SewerSeptic
WaterDrilled Well
Taxes & fees
Annual taxes$4,121 (2025)
Listing history
On market sinceApr 24, 2026
Location
Greater Napanee, ON K0K 2W0
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE, Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.