|
MLS®: X12715988 |
Status: For sale
|
RE/MAX Finest Realty, Brokerage - Kingston
Randy Beck
Sales Representative
Email Me
Telephone:613.389.7777
Cellular:613.541.9221
|
|
|
Location:
|
48 DUNDAS STREET E, Greater Napanee (Greater Napanee) Ontario, K7R1H8
|
|
|
|
Description: |
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. (id:2471) |
|
|
Property: |
| Type: Single Family |
| Lot Dimensions: 0.063 | Acreage: 0.063 ac|under 1/2 acre |
| View Type: City view |
| Sewer: Sanitary sewer | Water: Municipal water |
| Parking Type: No Garage |
|
Structure: |
| Style: Residential Commercial Mix |
| Bedrooms: 2 | Bathrooms: 4-Total |
| Heating: Forced air |
| Heating Type: Electric |
| Exterior: Brick, Stone |
|
Foundation Type: Concrete |
|
Features:
 | Irregular lot size |
| Level |
| Carpet Free |
|
|
|
|
Listing Office: ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
|
The above information is believed to be accurate but is not warranted.
This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association. The out of province listing content on this website is not intended to solicit a trade in real estate. Any consumers interested in out of province listings must contact a person who is licensed to trade in real estate in that province.The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademark DDF® is also owned by CREA and identifies CREA's Data Distribution Facility (DDF®). The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
**Broker *Sales Representative
|
|
