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4916 Highway 38 Highway, Harrowsmith, Ontario K0H 1V0 (25930793)


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4916 Highway 38 Highway Harrowsmith, Ontario K0H 1V0

8 Bedroom 4 Bathroom 3975
Wall Unit Baseboard Heaters, Forced Air, Heat Pump

$719,000

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:25832)

Property Details

MLS® Number 40466930
Property Type Multi-family
Community Features High Traffic Area
Features Shared Driveway
Parking Space Total 10

Building

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

Parking

Detached Garage

Land

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

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Shane Ruys
Broker

(613) 545-7355
www.kingstonagents.com/

Century 21 Champ Realty Limited, Brokerage
101 - 1642 Bath Rd
Kingston, Ontario K7M 4X6

(613) 389-2121
www.century21.ca/champrealty

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Peggy Cruickshank | REMAX Agent

peggy cruickshank kingston real estate
Cheo Foundation

A portion of every commission is gifted to my family's favourite charity -- the Children's Charity Network.