Description

 Price: $ 699,900.00 MLS^®: X12715988         Location : 48 Dundas Street E, Greater Napanee, ON K7R 1H8

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 $61,647/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 at $500/month. With an approximate 7% NOI, this property delivers strong, stable returns supported by diversified income streams 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.

Location Description

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

Property Details

• Community: 58 - Greater Napanee
• Property Type: Tenant/Residential Freehold
• Bedrooms: 2
• Bath: 4
• Garages: None

Building Features

• Foundation Type: Concrete
• Construction Material: Brick-Stone
• Total Parking Space: 2

Features

• Heating: Forced Air Electric
• Sewer: Sewer ,