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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 814 - Elizabethtown Kitley (Old K.) Twp
MLS Listing ID X13226012
Annual Tax Amount $2,771
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Leeds And Grenville
Area Leeds And Grenville
Zoning COMMERCIAL
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 55.0
Lot Depth 180.0
Others
ParcelsYN No
Listed by RE/MAX AFFILIATES MARQUIS
"My job is to deliver more results for you when you are buying or selling your property! "