4916 HIGHWAY 38 Highway

Multi-family For Sale in Harrowsmith, Ontario

  • 8 Beds
  • 4 Baths
  • 3,975 Sq. Ft.
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:4069)
Address 4916 HIGHWAY 38 Highway
List Price $719,000
Property Type Multi-family
Area Ontario
Sub-Area Harrowsmith
Bedrooms 8
Bathrooms 4
Floor Area 3,975 Sq. Ft.
MLS® Number 40466930
Listing Brokerage Century 21 Champ Realty Limited, Brokerage
Basement Area Full (Unfinished)
Postal Code K0H1V0
Zoning UGC
Features Shared Driveway

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Shane Ruys


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