4930 Road 38, South Frontenac MLS Number: X6138448

Q: What is the Area Size of the 4930 Road 38 In Sq.Ft and it's MLS No.?

The project covers an area of approximately sqft sq. ft and is strategically located in Frontenac. The MLS No of this project is X6138448 and the Project is located in Ontario, Canada.

Q: How far is this property from my workplace?

You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.

Q: What are the Key Features 4930 Road 38 is Offering?

Square Yards is giving a Cashback of $2,750 if you buy this property from us, however there are several key features offered by the 4930 Road 38. You get Beds with N/A Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.

Q: How many Parking Space available in this 4930 Road 38?

4930 Road 38 in Frontenac offers a total of 0 parking spaces for residents.

Q: How many Beds & Baths available in 4930 Road 38, Frontenac?

4930 Road 38, Frontenac comes with Beds for maximum convenience and space. There are N/A baths available as well for when you have guests over or if you have a large family!

Q: How many Apartments and Condos are available for Sale in Frontenac, ?

Frontenac, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately 741 apartments and condos available currently for your perusal.

South Frontenac, Frontenac, ON, K0H 1V0

$549,900

Status: OFF MARKET

Property Type: Commercial (Investment)
Property Taxes : $2883.58 (Tax Year:2022)
Listing Courtesy : Macinnis Realty Inc., Brokerage

4930 Road 38 Property Description

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.