399 Jig ST new Save Request In-Person Tour Request Virtual Tour
North Grenville,ON K0G 1S0
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 47 sqft
Price per Sqft $13,829
Subdivision 803 - North Grenville Twp (Kemptville South)
MLS Listing ID X12345027
Building Age 16-30
Annual Tax Amount $5,804
Tax Year 2025
Property Sub-Type Investment
Property 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.
Location
Province ON
County Leeds And Grenville
Community 803 - North Grenville Twp (Kemptville South)
Area Leeds And Grenville
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 560.0
Lot Depth 999.99
Others
Security Features No
Virtual Tour https://u.listvt.com/mls/206504181