Sanjiv Puri
Broker
Ipro Realty Ltd., Brokerage
Independently owned and operated.
503-55 City Centre Dr., Mississauga, Ontario L5B1M7
Cell: 647-295-5501Office: 905-268-1000Fax: 905-277-0020
$650,000
Available - For Sale
Listing ID: X12345027
399 Jig Stre , North Grenville, K0G 1S0, Leeds and Grenvi
| 399 Jig St - Commercial Comments: Turnkey Rural Residential Investment 5-Year Leaseback at $3,000/MonthOffered at $650,000, this 47.5-acre property in rural North Grenville combines the stability of a long-term tenant with the upside of owning a large parcel of forested land minutes from town. The Seller will sign a 5-year lease at $3,000/month (triple-net: tenant pays all utilities and maintenance), providing a secure annual income of $36,000 and a projected 5.54% cap rate from day one. The property features a well-maintained 3+1 bedroom bungalow with hardwood floors, 2 full baths (including ensuite), main-floor laundry, a fully finished basement, oversized heated garage/workshop, and multiple outbuildings. The 47.5 acres are mostly forested, offering long-term potential for recreation, harvesting, or development (subject to approvals). Highlights: Stable 5-Year Lease with established occupant (the current owner). Triple-Net Terms tenant pays utilities & maintenance $36,000 Annual Income, giving immediate cash flow and creating a Well-Maintained Asset with minimal management required. Large Land Holding in the growing North Grenville area. This is a rare opportunity to acquire a low-maintenance, income-producing rural property with a reliable tenant already in placeideal for investors seeking steady returns with strong asset security. |
| Price | $650,000 |
| Minimum Rental Term: | 60 |
| Taxes: | $5804.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 399 Jig Stre , North Grenville, K0G 1S0, Leeds and Grenvi |
| Postal Code: | K0G 1S0 |
| Province/State: | Leeds and Grenvi |
| Legal Description: | PT LT 3 CON 8 OXFORD PT 1, 15R9820; S/T |
| Directions/Cross Streets: | County Rd # 18 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Accommodation |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 47.50 |
| Total Area Code: | Acres |
| Office/Appartment Area: | 2306 |
| Office/Appartment Area Code: | Sq Ft |
| Approximatly Age: | 16-30 |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Sprinklers: | No |
| Washrooms: | 1 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
| Sewers: | Septic |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE INTEGRITY REALTY |
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Sanjiv Puri
Broker
Dir:
647-295-5501
Bus:
905-268-1000
Fax:
905-277-0020
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Leeds and Grenville |
| Municipality: | North Grenville |
| Neighbourhood: | 803 - North Grenville Twp (Kemptville South) |
| Approximate Age: | 16-30 |
| Tax: | $5,804 |
| Baths: | 1 |
| Fireplace: | N |
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