31
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$699,900
Est. payment /mo
2 Baths
2,675 SqFt
New
48 Dundas ST E Greater Napanee, ON K7R 1H8
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Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,675 sqft
Price per Sqft $261
Subdivision 58 - Greater Napanee
MLS Listing ID X12173353
Annual Tax Amount $3,754
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
Exceptional Investment Opportunity at 48 Dundas Street East, Downtown Napanee. Unlock a prime investment in the heart of Napanees thriving downtown! This property boasts a high-visibility commercial unit and two beautifully designed apartments, with city-approved plans for a third residential unit above the existing front unitoffering even greater income potential. The commercial space spans over 1,300 square feet and features stylish plank and hardwood flooring, two bathrooms, a dedicated laundry facility, and a new furnace installed last year. Additionally, a long-life rubber membrane roof was installed in 2020, ensuring durability for years to come. Below, the full unfinished basement provides ample storage. Upstairs, you'll find two thoughtfully crafted apartments. The newly built front unit is a bright and airy studio with a modern kitchen, an expansive 3-piece bathroom, and a heat pump for year-round comfort. The second unit is a charming one-bedroom apartment with a spacious living room, an open-concept kitchen and dining area, and a private balcony for outdoor relaxation. Both units share laundry facilities in the common hallway. Currently, all three units are fully leased, generating a strong annual income of $47,583.00, with the commercial lease increasing yearly. Adding even more value, the Gibbards District is driving major population growth, bringing a steady influx of new customers right down the street. Nestled in Napanees revitalized core, this property offers proximity to shops, restaurants, parks, and scenic river views. A fantastic opportunity for investors looking to capitalize on an expanding market! Don't let this spectacular investment slip away!
Location
State ON
County Lennox & Addington
Community 58 - Greater Napanee
Area Lennox & Addington
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 20.0
Lot Depth 132.0
Others
Security Features No
Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE