$1,200,000

Investment For Sale In Elizabethtown-Kitley, Ontario

$1,200,000

Property Information:

CASH COW INVESTMENT OPPORTUNITY - Welcome to 355 County Road 16, Jasper, Ontario - the former historic Jasper Hotel, thoughtfully converted into a 9-unit residential income property offering strong cash flow and long-term investment potential. This unique building combines small-town charm with stable rental income and features a diverse unit mix consisting of: 1 x Three-Bedroom Townhouse-Style Apartment, 2 x One-Bedroom Apartments, 3 x Studio Apartments, 3 x Single Rooms. Situated in the heart of Jasper, this landmark property has been repurposed into cozy apartments; investors will appreciate the multiple income streams. The property's location offers the perfect balance of rural living and urban accessibility. Residents enjoy a peaceful small-town setting while remaining just minutes from Smiths Falls and within easy reach of Ottawa. Sports and entertainment enthusiasts will appreciate being only a 49-minute drive from the home of the Ottawa Senators, Canadian Tire Centre, making NHL games, concerts, and major events easily accessible. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Features: Irregular lot size
  • Irregular: Yes
  • Lot Depth: 180 Feet
  • Lot Frontage: 55 Feet
  • Lot Size: 0.29 Acres
  • Zoning: COMMERCIAL

Courtesy of: RE/MAX AFFILIATES MARQUIS

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.