For Sale - 48 Dundas Street, Greater Napanee, Ontario

Est payment $3,469/mo
Views   1
Time on Jump  15 day
  • Mixed use property in revitalized downtown Napanee with diverse income streams.
  • Includes 2 residential units, 1 commercial unit, and 2 storage units.
  • Current gross income of $55,647/year with potential for more.
  • Stable commercial lease secured until August 2027 for consistent revenue.
  • Recent upgrades include new furnace and rubber membrane roof from 2020.



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
Listing IDX12715974
Address48 Dundas Street
CityGreater Napanee, Ontario
Price$699,900
Bath4 Full
StyleStore W Apt/Office
Land Size0.063
TypeIndustrial/Commercial
StatusFor Sale
Subtype Store W Apt/OfficeBasement 1Heating / Cooling Electric Forced Air
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Listing Agency:  ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
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48 Dundas Street
Greater Napanee , Ontario
4 $699,900
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