2 Bedroom
4 Bathroom
Forced Air
$699,900
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 $55,647/year, with upside to $61,047/year once the 900 sq. ft. storage unit is leased. 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 potential for $450/month. With an NOI of $42,193 (or $47,593 with storage leased), 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. (id:61594)
Property Details
|
MLS® Number
|
X12715988 |
|
Property Type
|
Single Family |
|
Community Name
|
58 - Greater Napanee |
|
Amenities Near By
|
Park, Place Of Worship, Schools |
|
Easement
|
Easement |
|
Equipment Type
|
Water Heater |
|
Features
|
Irregular Lot Size, Level, Carpet Free |
|
Parking Space Total
|
2 |
|
Rental Equipment Type
|
Water Heater |
|
View Type
|
City View |
Building
|
Bathroom Total
|
4 |
|
Bedrooms Above Ground
|
2 |
|
Bedrooms Total
|
2 |
|
Amenities
|
Separate Heating Controls, Separate Electricity Meters |
|
Appliances
|
Dryer, Washer |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Full (unfinished) |
|
Exterior Finish
|
Brick, Stone |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Concrete |
|
Half Bath Total
|
2 |
|
Heating Fuel
|
Electric |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Type
|
Residential Commercial Mix |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Park, Place Of Worship, Schools |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
132 Ft |
|
Size Frontage
|
20 Ft |
|
Size Irregular
|
0.063 |
|
Size Total
|
0.063 Ac|under 1/2 Acre |
|
Size Total Text
|
0.063 Ac|under 1/2 Acre |
|
Surface Water
|
River/stream |
|
Zoning Description
|
C3 |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/29273825/48-dundas-street-e-greater-napanee-greater-napanee-58-greater-napanee
