$699,900
Available - For Sale
Listing ID: X12715988
48 Dundas Street East , Greater Napanee, K7R 1H8, Lennox & Addingt
| Prime Mixed Use Investment - 48 Dundas Street East, Downtown Napanee A strong mixed use income property in the heart of Napanee's revitalized downtown, featuring 2 residential units, 1 commercial unit, and 2 storage units. All spaces are fully leased, generating a current gross income of $67,647.00/year. The commercial tenant is secured until August 2027, providing stable long term cash flow. The main floor commercial space offers 1,300 sq. ft., quality finishes, two bathrooms, dedicated laundry, a new furnace, and a rubber membrane roof installed in 2020. Upstairs are two well designed apartments: a bright modern studio with a heat pump, and a spacious one bedroom with open concept living and a private balcony. Shared laundry is located in the common hallway. Additional income includes one storage unit at $100/month and a second with for $500/month. With an NOI of $48,193 this property delivers strong returns in a growing market. Located steps from the rapidly expanding Gibbards District, the property benefits from increasing population density and customer traffic. Financials are available upon request - a rare opportunity to secure a stable, diversified asset in a thriving downtown corridor. |
| Price | $699,900 |
| Taxes: | $3954.00 |
| Occupancy: | Tenant |
| Address: | 48 Dundas Street East , Greater Napanee, K7R 1H8, Lennox & Addingt |
| Acreage: | < .50 |
| Directions/Cross Streets: | Dundas Street East (#48) between East Street and John Street |
| Rooms: | 21 |
| Rooms +: | 1 |
| Bedrooms: | 2 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Full, Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Upper | Foyer | 3.84 | 3.38 | |
| Room 2 | Upper | Bathroom | 6.89 | 5.12 | 3 Pc Bath |
| Room 3 | Upper | Kitchen | 7.45 | 11.25 | Open Concept |
| Room 4 | Upper | Bedroom | 16.17 | 18.17 | Open Concept, Combined w/Living, Combined w/Dining |
| Room 5 | Upper | Common Ro | 8.17 | 6.69 | Combined w/Laundry |
| Room 6 | Upper | Foyer | 6.86 | 7.61 | |
| Room 7 | Upper | Living Ro | 18.79 | 12.89 | Hardwood Floor |
| Room 8 | Upper | Bedroom | 11.58 | 11.38 | Hardwood Floor |
| Room 9 | Upper | Bathroom | 5.71 | 13.42 | 4 Pc Bath |
| Room 10 | Upper | Kitchen | 12.76 | 13.42 | Open Concept, Combined w/Dining, W/O To Balcony |
| Room 11 | Main | Sitting | 15.58 | 16.01 | |
| Room 12 | Main | Office | 9.02 | 16.01 | |
| Room 13 | Main | Bathroom | 6.07 | 2.85 | 2 Pc Bath |
| Room 14 | Main | Bathroom | 6.07 | 2.56 | 2 Pc Bath |
| Room 15 | Main | Common Ro | 12.69 | 17.61 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 2 | Main |
| Washroom Type 2 | 3 | Upper |
| Washroom Type 3 | 4 | Upper |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 2 | Main |
| Washroom Type 7 | 3 | Upper |
| Washroom Type 8 | 4 | Upper |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 2 | Main |
| Washroom Type 12 | 3 | Upper |
| Washroom Type 13 | 4 | Upper |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 2 | Main |
| Washroom Type 17 | 3 | Upper |
| Washroom Type 18 | 4 | Upper |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 2 | Main |
| Washroom Type 22 | 3 | Upper |
| Washroom Type 23 | 4 | Upper |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Total Area: | 0.00 |
| Property Type: | Store W Apt/Office |
| Style: | 2-Storey |
| Exterior: | Brick, Stone |
| Garage Type: | None |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 2 |
| Park #1 | |
| Parking Type: | Available |
| Park #2 | |
| Parking Type: | Available |
| Pool: | None |
| Approximatly Square Footage: | 2500-3000 |
| Property Features: | Library, Park |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Other |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE |
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At a Glance:
| Type: | Freehold - Store W Apt/Office |
| Area: | Lennox & Addington |
| Municipality: | Greater Napanee |
| Neighbourhood: | 58 - Greater Napanee |
| Style: | 2-Storey |
| Tax: | $3,954 |
| Beds: | 2 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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