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    For Sale - 6610 FOURTH LINE Rd Fourth Line Road, Manotick - Kars - Rideau Twp and Area, Ontario

    Est payment $14,358/mo
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    Views   1
    Time on Jump  59 day

    AI Summary *

    • Cash-flow-positive investment with long-term stability and potential growth.
    • Five recently renovated units ensure predictable income and strong tenant retention.
    • New private well and commercial-grade septic system enhance operating efficiency.
    • Four wheelchair-accessible units cater to high demand in the community.
    • Property requires no immediate capital expenditures and is well maintained.




    Institutional-quality, cash-flow-positive investment offering long-term stability with embedded upside. This mostly renovated multi-unit asset has been thoughtfully upgraded to support predictable income, low operating risk, and strong tenant retention. Five units have been renovated within the past two years, two additional units within the past five years, while the attached three-bedroom residence remains largely unrenovated, presenting a clear and controllable value-add opportunity through modernization and rent repositioning. The property is engineered to run lean. A commercial-grade septic system and new septic bed, completed within the last two years, paired with upgraded electrical infrastructure and full separate metering, ensures operating efficiency while pushing utility costs directly to tenants. A new private well eliminates water expenses entirely, and the absence of municipal services results in consistently low property taxes, materially strengthening net operating income and long-term yield. Operational stability is further enhanced by a long-term tenant occupying the attached residence who also serves as an on-site caretaker. In exchange for below-market rent, this tenant provides snow removal, lawn care, routine maintenance, and minor repairs - services not reflected in operating expenses - effectively stabilizing cash flow and reducing management exposure without increasing overhead. Four units are wheelchair accessible, offering a durable competitive advantage in a market with an aging demographic and limited accessible housing supply. These units remain in high demand, support strong tenant quality, and contribute to low vacancy and turnover. The building is well maintained, tenanted by clean, long-term occupants, and requires no immediate capital expenditures. This asset delivers reliable income today with measured upside tomorrow, making it ideal for investors seeking strong in-place cash flow, low expense ratios.
    Listing IDX12767868
    Address6610 FOURTH LINE Rd Fourth Line Road
    CityManotick - Kars - Rideau Twp and Area, O…
    Price$2,990,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Electric Hot Water

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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    6610 Fourth Line Rd Fourth Line Road
    Manotick - Kars - Rideau Twp and Area , Ontario
    $2,990,000
    Get more info