355 County Road 16 Road

Elizabethtown-Kitley, Ontario K0G 1G0

0.289 Ac Lot size

77 days ago Listed

None

About this home

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:28469)

Facts & features

Property

MLS® Number: X13226012
Property Type: Multi-family
Community Name: 814 - Elizabethtown Kitley (Old K.) Twp
Features: Irregular Lot Size

Building

Cooling Type: None
Type: Multi-family
Utility Water: Drilled Well

Land

Acreage: No
Size Depth: 180 Ft
Size Frontage: 55 Ft
Size Irregular: 0.289
Size Total: 0.289 Ac
Size Total Text: 0.289 Ac
Zoning Description: Commercial

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $5,313/mo
Ontario land transfer tax: $20,475 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Elizabethtown Kitley (Old K.) Twp market

24 Active listings

$494,950 Median asking price

142% above median This home

37 days Avg. time on market

Browse all Elizabethtown Kitley (Old K.) Twp listings →

Location

355 County Road 16 Road, Elizabethtown-Kitley, Ontario K0G 1G0 · Get directions