North Grenville K0G 1S0

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Bathrooms: 1
Pets: Pets No

Financials

Price:C650,000
($470,854)
(€402,649)
Annual Taxes:C5,804
505 Park Ave, New York, NY 10022

Description

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.

Amenities

  • Available

399 Jig St Commercial Comments Turnkey Rural Residential Investment 5 Year Leaseback at 3, 000 MonthOffered at 650, 000, this 47.


    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.