48 Dundas Street E,Greater Napanee, ON K7R 1H8
Greater Napanee, ON K7R 1H8
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 $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.
Details
| MLS # | X13209810 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 102 |
| Listing Provided By | ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE | X13209810 179025 |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.06 |
| Property View | City |
Interior
| Interior Features | Carpet Free, Separate Heating Controls, Separate Hydro Meter, Storage |
|---|---|
| Cooling | Other |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat, Other |
|---|---|
| Foundation Details | Concrete |
| Topography | Level |
| View | City |
| Construction Materials | Brick, Stone |
| Security Features | Carbon Monoxide Detectors, Smoke Detector |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Available |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 3954 |
|---|---|
| Tax Legal Description | PT LT 3 S/S DUNDAS ST PL 82 AS IN LA121334; S/T & T/W LA121334; S/T LA276324; GREATER NAPANEE |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Lennox & Addington |
| City | Greater Napanee |
| Postal Code | K7R 1H8 |
| Area | 58 Greater Napanee |
| Listing VS Median (in K7R 1H8) | |
Price: $675,000 low | high Med: $675,000 On site: 102 low | high Med: 102 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Lennox & Addington |
| City | Greater Napanee |
| Postal Code | K7R 1H8 |
| Area | 58 Greater Napanee |
| Listing VS Median (in K7R 1H8) | |
Price: $675,000 low | high Med: $675,000 On site: 102 low | high Med: 102 | |
