$ 699,900
-
$699,900
Price -
2
Bed -
4
Bath -
2,500
SqFt
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About the Listing 179025 -
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.
Listing Highlights
Interior Details
- Bedrooms: 2
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other: Carpet Free,Separate Heating Controls,Separate Hydro Meter,Storage,2 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Flat,Other
- Others:
- Sewer: Sewer
- Parking Features: Available
Financial Details
- Tax Amount: $3,954
- Taxes w/Assessments: N/A
- Tax/Property ID: 450920121
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
48 Dundas St E Greater Napanee, ON K7R 1H8
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