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$650,000
Available - For Sale
Listing ID: X12345027
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: $5,804
Tax Type: Annual
Occupancy by: 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
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Accommodation
Use: Other
Building Percentage: T
Total Area: 47.5
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
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
Sewers: Septic
Water: Drilled W
Water Supply Types: Drilled Well
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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

399 Jig Stre , North Grenville, K0G 1S0, Leeds and Grenvi


 
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Type: Com - Investment
Area: Leeds and Grenville
Municipality: North Grenville
Neighbourhood: 803 - North Grenville Twp (Kemptville South)
Style:
Lot Size: x 999.99(Acres)
Approximate Age: 16-30
Tax: $5,804
Maintenance Fee: $0
Beds: 0
Baths: 1
Garage: 0
Fireplace: N
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