Property Details

4930 ROAD 38, Harrowsmith, Ontario, K0H1V0

For sale, ID#: 40426605
4930 ROAD 38
Harrowsmith Ontario
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7 Beds
5 Bath

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)

Stephanie BurkeBroker
RE/MAX Finest Realty Inc, Brokerage - Kingston*
Property Details
  • Property Address: 4930 ROAD 38, Harrowsmith, Ontario, K0H1V0
  • Property Type: Multi-family
  • Zoning Description: UC-30
  • Title: Freehold
  • Acreage: under 1/2 acre
  • Sewage Type: Holding Tank
  • Water Type: Drilled Well
  • Access: Road access, Highway access
  • Total Parking Spaces: 16
  • Amenities Nearby: Beach, Golf Nearby, Park, Playground, Schools
Structure Details
  • Style: Detached
  • Storeys: 3
  • Floor Space: 5500
  • Building Age: 1860
  • Bedrooms: 7
  • Bathrooms: 5-Total
  • Basement Type: Full (Unfinished)
  • Heating Type: Propane, Baseboard heaters, Forced air
  • Cooling: Central air conditioning
  • Exterior Type: Brick
  • Foundation Type: Stone
  • Appliances Included: Microwave, Water softener
Amenities / Features
  • Corner Site
  • Park/reserve
  • Golf course/parkland
  • Beach
  • High Traffic Area
  • Community Centre
  • School Bus
External Documents
Neighbourhood Information

Listing Office: MacInnis Realty Inc., Brokerage

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4930 ROAD 38, Harrowsmith, Ontario, K0H1V0 4930 ROAD 38, Harrowsmith, Ontario, K0H1V0 4930 ROAD 38, Harrowsmith, Ontario, K0H1V0 4930 ROAD 38, Harrowsmith, Ontario, K0H1V0
4930 ROAD 38, Harrowsmith, Ontario, K0H1V0

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