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.
Address
399 Jig Street
List Price
$650,000
MLS® Status
Sold Conditional
Expiration Date
2026-01-01
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
For Sale
Area
North Grenville
Sub-Area
803 - North Grenville Twp (Kemptville South)
Region
Leeds and Grenville
Bathrooms
1
Lot Size Source
MPAC
Lot Depth
999.99
Lot Shape
Irregular
Lot Type
Lot
Lot Irregularities
U-Shaped Lot
Lot Size Units
Acres
Lot Width
560
Parcel Number
681090156
Total Building Area
47.5
Occupant Type
Owner
Cross Street
County Rd # 18
Approx. Age
16 - 30 Years
MLS® Number
X12345027
Listing Brokerage
ROYAL LEPAGE INTEGRITY REALTY
Basement
Yes
Postal Code
K0G 1S0
Posession Details
Sellers will lease back property
Parking Spaces
5
Tax Amount
$5,804.00
Tax Year
2025
Standard Status
Pending
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
No
UFFI
No
Garage Type
Single Detached
Tax Legal Description
PT LT 3 CON 8 OXFORD PT 1, 15R9820; S/T OF 12842;OF12843; NORTH GRENVILLE
Security Features
No
Water Source
Drilled Well, Water System
Sewer
Septic
