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$598,000
Status: For Sale
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 Type | :Commercial |
|---|---|
| MLS Number | :X13042640 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :12 May, 2026 (86 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Lennox & Addin |
|---|---|
| Postal Code | : K0K 2W0 |
| Price | : $598,000 |
|---|---|
| Property Taxes | :$4121.0 |
| Tax Year | :2025 |
|---|
| Air Conditioning | :Partial |
|---|---|
| Heating | :Baseboard |
| Cross Street | :Located on the Corner of Roblin Rd & County Road 41 in the Village of Roblin |
| Bathrooms | :5 |
|---|---|
| Fireplace/Stove | :No |
24 Apr, 2026
TREB #X13042640
Listed
$598000.0
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