$ 699,900
-
$699,900
Price -
2
Bed -
4
Bath -
2,500
SqFt
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About the Listing 179025 -
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.
Listing Highlights
Status
Active
Days on Site
85
Property Type
Residential
MLS ®
X12715988
Year Built
Total Square Footage
2,500
Lot/Acreage
0.06
Interior Details
- Bedrooms: 2
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Electric
- 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,2 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Flat,Other
- Others: Library,Park,Place Of Worship,River/Stream,School
- Sewer: Sewer
- Parking Features: Available,No Garage
Financial Details
- Tax Amount: $3,954
- Taxes w/Assessments: N/A
- Tax/Property ID: 450920121
- Tax Year: 2025
Payment Calculator
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Questions About..
48 Dundas St E Greater Napanee, ON K7R 1H8
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