38
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$650,000
Est. payment /mo
1 Bath
47 SqFt
New
399 Jig ST North Grenville, ON K0G 1S0
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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
Listed by ROYAL LEPAGE INTEGRITY REALTY