Description

 Price: $ 699,900.00 MLS^®: X12715974         Location : 48 Dundas Street E, Greater Napanee, ON K7R 1H8

A strong mixed use income property in the heart of Napanee's revitalized downtown. This well maintained asset includes residential, commercial, and storage income streams, all fully leased, with additional upside through storage leasing and long term area growth driven by the Gibbards District. Mixed use income property with 2 residential units, 1 commercial unit, and 2 storage units. Current Gross Income: $61,647.00/year. 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. Commercial Lease: Secured until August 2027. New furnace and rubber membrane roof (2020). All units fully leased. Gibbards District bringing major population and customer growth. Financials available upon request

Location Description

Dundas Street East (#48) between East Street and John Street

Property Details

• Community: 58 - Greater Napanee
• Property Type: Tenant/Commercial
• Bath: 4
• Garages: None

Building Features

Features

• Heating: Electric Forced Air