4930 ROAD 38, Harrowsmith, Ontario, K0H1V0
Sales Representatives
Sutton Group - Masters Realty Inc. Brokerage*
Cell: 613-530-6737
Tel: 613-384-5500
$549,900 - For sale
Zoned UC-30 to allow 5 (five) residential units and commercial on main floor. Current layout: 2 x Third Floor Apartments, 2 x Second Floor Apartments, 2 x Main Floor Units (Res/Commercial). Projected Gross Income is a whopping approx. $139,560 with Operating Expenses being very low. Property Taxes only $2,883.53 (annual) in 2022. That's only $241/month. Utilities total approx. $6K/year, insurance approx. $4500/year. The math shows Net Income of approx. $129,000/year. That's approx. $10,750 per month over and above expenses (before mortgage costs or any improvement costs, of course). Cap Rate is approx. 20% with these projections. Property is vacant while improvements in progress. Detailed Property Information Package and Financial Illustration are provided in the document section. Estimates for remaining improvements available upon request. (id:2471)
Location DescriptionCorner of Hwy 38 and Rutledge Road in Harrowsmith (approx. 15 minutes north of Kingston)
- Property Address:4930 ROAD 38, Harrowsmith, Ontario, K0H1V0
- Property Type:Multi-family
- Title:Freehold
- Acreage:under 1/2 acre
- Sewage Type:Holding Tank
- Water Type:Drilled Well
- Access:Road access, Highway access
- Parking Space Total:16
- Building Age:1860
- Bedrooms:7
- Bathrooms:5
- Floor Space:5500
- Heating Type:Propane, Baseboard heaters, Forced air
- Style:Detached
- Storeys:3
- Basement Type:Full (Unfinished)
- Foundation Type:Stone
- Cooling Type:Central air conditioning
- Appliances Included:Microwave, Water softener
- Rental Equipment:Propane Tank
- Exterior Type:Brick
- Amenities Nearby:Beach, Golf Nearby, Park, Playground, Schools
Sales Representatives
Sutton Group - Masters Realty Inc. Brokerage*
Cell: 613-530-6737
Tel: 613-384-5500
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- Map 4930 ROAD 38, Harrowsmith, Ontario, K0H1V0
- Neighbourhood Information
4930 ROAD 38, Harrowsmith, Ontario, K0H1V0
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