4916 HIGHWAY 38 Highway, Harrowsmith, Ontario, K0H1V0
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:2471)
- Property Address: 4916 HIGHWAY 38 Highway, Harrowsmith, Ontario, K0H1V0
- Property Type: Multi-family
- Zoning Description: UGC
- Title: Freehold
- Acreage: under 1/2 acre
- Sewage Type: Septic System
- Water Type: Well
- Access: Road access
- Driveway: Detached Garage
- Total Parking Spaces: 10
- Storeys: 2
- Floor Space: 3975
- Bedrooms: 8
- Bathrooms: 4-Total
- Basement Type: Full (Unfinished)
- Heating Type: Electric, Propane, Baseboard heaters, Forced air, Heat Pump
- Cooling: Wall unit
- Exterior Type: Stone, Wood
- Foundation Type: Stone
- Shared Driveway
- High Traffic Area
Listing Office: Century 21 Champ Realty Limited, Brokerage
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