Greater Napanee K7R 1H8 Ontario
MLS: X12715988
Added 1 hour ago | For Sale
Listed by: ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
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.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Sitting | 15 ft, 7 in x 16 ft | |
| Office | 9 ft x 16 ft | ||
| Bathroom | 2 Pc Bath | 6 ft, 1 in x 2 ft, 10 in | |
| Bathroom | 2 Pc Bath | 6 ft, 1 in x 2 ft, 7 in | |
| Common Room | 12 ft, 8 in x 17 ft, 7 in | ||
| Office | 12 ft, 1 in x 5 ft, 10 in | ||
| Common Room | 11 ft, 8 in x 23 ft, 11 in | ||
| Upper | Foyer | 3 ft, 10 in x 3 ft, 5 in | |
| Bathroom | 3 Pc Bath | 6 ft, 11 in x 5 ft, 1 in | |
| Kitchen | Open Concept | 7 ft, 5 in x 11 ft, 3 in | |
| Bedroom | Open Concept, Combined w/Living, Combined w/Dining | 16 ft, 2 in x 18 ft, 2 in | |
| Common Room | Combined w/Laundry | 8 ft, 2 in x 6 ft, 8 in | |
| Foyer | 6 ft, 10 in x 7 ft, 7 in | ||
| Living Room | Hardwood Floor | 18 ft, 10 in x 12 ft, 11 in | |
| Bedroom | Hardwood Floor | 11 ft, 7 in x 11 ft, 5 in | |
| Bathroom | 4 Pc Bath | 5 ft, 9 in x 13 ft, 5 in | |
| Kitchen | Open Concept, Combined w/Dining, W/O To Balcony | 12 ft, 9 in x 13 ft, 5 in |
No property rooms available.
