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$699,900
Available - For Sale
Listing ID: X12173353
Exceptional Investment Opportunity at 48 Dundas Street East, Downtown Napanee. Unlock a prime investment in the heart of Napanees thriving downtown! This property boasts a high-visibility commercial unit and two beautifully designed apartments, with city-approved plans for a third residential unit above the existing front unitoffering even greater income potential. The commercial space spans over 1,300 square feet and features stylish plank and hardwood flooring, two bathrooms, a dedicated laundry facility, and a new furnace installed last year. Additionally, a long-life rubber membrane roof was installed in 2020, ensuring durability for years to come. Below, the full unfinished basement provides ample storage. Upstairs, you'll find two thoughtfully crafted apartments. The newly built front unit is a bright and airy studio with a modern kitchen, an expansive 3-piece bathroom, and a heat pump for year-round comfort. The second unit is a charming one-bedroom apartment with a spacious living room, an open-concept kitchen and dining area, and a private balcony for outdoor relaxation. Both units share laundry facilities in the common hallway. Currently, all three units are fully leased, generating a strong annual income of $47,583.00, with the commercial lease increasing yearly. Adding even more value, the Gibbards District is driving major population growth, bringing a steady influx of new customers right down the street. Nestled in Napanees revitalized core, this property offers proximity to shops, restaurants, parks, and scenic river views. A fantastic opportunity for investors looking to capitalize on an expanding market! Don't let this spectacular investment slip away!
Price $699,900
Taxes: $3,754.02
Tax Type: Annual
Occupancy by: Tenant
Address: 48 Dundas Stre East , Greater Napanee, K7R 1H8, Lennox & Addingt
Postal Code: K7R 1H8
Province/State: Lennox & Addingt
Legal Description: PT LT 3 S/S DUNDAS ST PL 82 AS IN LA1213
Directions/Cross Streets: Dundas Street East (#48) between East Street and John Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 2,675.16
Total Area Code:  Square Feet
Office/Appartment Area: 1362
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Heat Type: Electric Forced Air
Central Air Conditioning: Partial
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

48 Dundas Stre East , Greater Napanee, K7R 1H8, Lennox & Addingt


 
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At a Glance:
Type: Com - Store W Apt/Office
Area: Lennox & Addington
Municipality: Greater Napanee
Neighbourhood: 58 - Greater Napanee
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Lot Size: x 132.00(Feet)
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Tax: $3,754.02
Maintenance Fee: $0
Beds: 0
Baths: 2
Garage: 0
Fireplace: N
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