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$675,000
2 Beds ⋅ 4 Baths ⋅ X13209810 MLS® #
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. (id:5764)

48 Dundas Street East, Greater Napanee (Greater Napanee)

Listing courtesy of ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE.

$675,000
4 Baths ⋅ X13209878 MLS® #
A strong mixed use income property in the heart of Napanee's revitalized downtown. This well maintained asset includes residential, commercial, and storage income streams, all fully leased, with additional upside through storage leasing and long term area growth driven by the Gibbards District. Mixed use income property with 2 residential units, 1 commercial unit, and 2 storage units Current Gross Income: $61,647.00/year NOI: 7% Commercial Lease: Secured until August 2027 - New furnace and rubber membrane roof (2020) - All units fully leased - Gibbards District bringing major population and customer growth - Financials available upon request (id:5764)

48 Dundas Street East, Greater Napanee (Greater Napanee)

Listing courtesy of ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE.