399 Jig Street North Grenville, Ontario K0G 1S0
$650,000
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. (id:43934)
Property Details
| MLS® Number | X12345027 |
| Property Type | Business |
| Community Name | 803 - North Grenville Twp (Kemptville South) |
| Equipment Type | Propane Tank |
| Farm Type | Other |
| Features | Irregular Lot Size |
| Parking Space Total | 5 |
| Rental Equipment Type | Propane Tank |
Building
| Bathroom Total | 1 |
| Age | 16 To 30 Years |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 48 Acres |
| Utility Water | Drilled Well |
Land
| Acreage | Yes |
| Sewer | Septic System |
| Size Irregular | 47.5 |
| Size Total | 47.5 Ac |
| Size Total Text | 47.5 Ac |
| Zoning Description | Agriculture |
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August 14 2025 07:26:26
Ottawa Real Estate Board
Royal LePage Integrity Realty