ACTIVE

48 Dundas Street E Greater Napanee, Ontario K7R 1H8

$699,900
4 Bath 2,675 ft<sup>2</sup> Partially Air ConditionedForced Air
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: $55,647/year. Income Upside: $61,047/year with 900 sq. ft. storage leased. NOI: $42,193 (or $47,593 with storage leased). 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:28469)
Property Details
MLS® Number
X12715974
Property Type
Retail
Community Name
58 - Greater Napanee
Equipment Type
Water Heater
Features
Irregular Lot Size
Parking Space Total
2
Rental Equipment Type
Water Heater
Building
Bathroom Total
4
Appliances
Dryer, Washer
Cooling Type
Partially Air Conditioned
Heating Fuel
Electric
Heating Type
Forced Air
Size Exterior
2675.16 Sqft
Size Interior
2,675 Ft<sup>2</sup>
Type
Residential Commercial Mix
Utility Water
Municipal Water
Land
Acreage
No
Size Depth
132 Ft
Size Frontage
20 Ft
Size Irregular
0.063
Size Total
0.063 Ac
Size Total Text
0.063 Ac
Zoning Description
C3
Neighbourhood
Private Viewing & Info

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Adam Koven
Broker

(613) 539-0000
www.adamkoven.com/

Royal LePage Proalliance Realty, Brokerage
80 Queen St
Kingston, Ontario K7K 6W7

(613) 544-4141
www.discoverroyallepage.ca/