INVESTMENT OPPORTUNITY with a 7.5% CAP RATE!! - Dating back to the 1800's, The Charles Stewart Store is a cornerstone of Harrowsmith's rich history. This beautiful limestone building has been lovingly cared for throughout its life and is now comprised of 5 Rental Units, which include 3 apartments and 2 Commercial Units (the township has stated they will allow conversion to 5 residential units). All residential units are currently rented month to month as well as 1 commercial space which has been fully renovated. The second main floor commercial space fronting on the busy corner (great business exposure) is owner occupied and features high ceilings, many large windows, his/hers bathrooms (if commercial space is desired), and a kitchen. The most recent updates include a metal roof, most windows, addition of 5 separate hydro meters, bathroom and kitchen updates, efficient heating system +++. There is also ample parking for up to 10 vehicles, a detached garage with a steel roof, a newer septic system (10yrs) with a transferrable warranty, and still yardspace for tenants to enjoy, all situated on a main road with great visual exposure and less than 15 minutes to Kingston. Don't miss this Opportunity! (id:11882)
| MLS® Number | 40466930 |
| Property Type | Multi-family |
| Community Features | High Traffic Area |
| Features | Shared Driveway |
| Parking Space Total | 10 |
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Material | Wood Frame |
| Cooling Type | Wall Unit |
| Exterior Finish | Stone, Wood |
| Foundation Type | Stone |
| Heating Fuel | Electric, Propane |
| Heating Type | Baseboard Heaters, Forced Air, Heat Pump |
| Stories Total | 2 |
| Size Interior | 3975 |
| Utility Water | Well |
| Detached Garage |
| Access Type | Road Access |
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 149 Ft |
| Size Frontage | 74 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ugc |
https://www.realtor.ca/real-estate/25930793/4916-highway-38-highway-harrowsmith
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
INVESTMENT OPPORTUNITY with a 7.5% CAP RATE!! - Dating back to the 1800's, The Charles Stewart Store is a cornerstone of Harrowsmith's rich history. This beautiful limestone building has been lovingly cared for throughout its life and is now comprised of 5 Rental Units, which include 3 apartments and 2 Commercial Units (the township has stated they will allow conversion to 5 residential units). All residential units are currently rented month to month as well as 1 commercial space which has been fully renovated. The second main floor commercial space fronting on the busy corner (great business exposure) is owner occupied and features high ceilings, many large windows, his/hers bathrooms (if commercial space is desired), and a kitchen. The most recent updates include a metal roof, most windows, addition of 5 separate hydro meters, bathroom and kitchen updates, efficient heating system +++. There is also ample parking for up to 10 vehicles, a detached garage with a steel roof, a newer septic system (10yrs) with a transferrable warranty, and still yardspace for tenants to enjoy, all situated on a main road with great visual exposure and less than 15 minutes to Kingston. Don't miss this Opportunity! (id:11882)
| MLS® Number | 40466930 |
| Property Type | Multi-family |
| Community Features | High Traffic Area |
| Features | Shared Driveway |
| Parking Space Total | 10 |
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Material | Wood Frame |
| Cooling Type | Wall Unit |
| Exterior Finish | Stone, Wood |
| Foundation Type | Stone |
| Heating Fuel | Electric, Propane |
| Heating Type | Baseboard Heaters, Forced Air, Heat Pump |
| Stories Total | 2 |
| Size Interior | 3975 |
| Utility Water | Well |
| Detached Garage |
| Access Type | Road Access |
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 149 Ft |
| Size Frontage | 74 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ugc |
https://www.realtor.ca/real-estate/25930793/4916-highway-38-highway-harrowsmith
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
