$ 699,900
-
$699,900
Price -
2
Bed -
4
Bath -
2,500
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 179025 -
Unlock a remarkable investment opportunity with this exceptional property at 48 Dundas Street East, beautifully positioned in the vibrant heart of downtown Napanee. This prime location features two stunning apartments, a high-visibility commercial unit, and exciting potential for future expansion. The city is willing to approve a third residential unit over the current front unit, offering even greater income possibilities. Step into the first apartment, a bright and inviting studio thoughtfully designed with a modern kitchen, a spacious 3-piece bathroom, and expansive windows that flood the space with natural light. A heat pump ensures year-round comfort. The second apartment is a charming one-bedroom unit with a generous living room, a welcoming open kitchen and dining area, and a private balcony for outdoor relaxation. Both apartments share convenient laundry facilities in the common hallway. On the main floor, you'll discover a generous commercial unit spanning over 1,300 square feet. This impressive space features elegant plank and hardwood flooring, two bathrooms, and its own laundry facility. Additionally, the full unfinished basement provides ample storage solutions. The store benefits from a new furnace installed last year and a long-life rubber membrane roof, installed in 2020. Currently, all three units are fully leased, generating a reliable annual income of $47,583.00, with the commercial lease set to increase yearly. Moreover, the Gibbards District will bring significant population growth, driving a large customer base just down the street. Nestled in the revitalized downtown core, the front residential unit is brand new, adding to the appeal. Don't let this spectacular investment slip away!
Listing Highlights for 48 Dundas St E
Status
Active
Days on Site
107
Property Type
Residential
MLS ®
X12173358
Year Built
Total Square Footage
2,500
Lot/Acreage
0.06
Interior Details
- Bedrooms: 2
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other: Carpet Free,Separate Heating Controls,Separate Hydro Meter,Storage
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Flat,Other
- Others:
- Sewer: Sewer
- Parking Features: Available
Financial Details
- Tax Amount: $3,754
- Taxes w/Assessments: N/A
- Tax/Property ID: 450920121
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
48 Dundas St E Greater Napanee, ON K7R 1H8
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of
