For Sale - 48 Dundas Street, Greater Napanee, Ontario

Est payment $3,361/mo
Views   1
Time on Jump  99 day
  • Prime mixed use property in revitalized downtown Napanee.
  • Fully leased with stable income of over $67,000 per year.
  • Upstairs features two modern residential units with great amenities.
  • Main floor commercial space includes quality finishes and long-term lease.
  • Located near the expanding Gibbards District, boosting foot traffic.



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 $67,647. 00/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 with for $500/month. With an noi of $48,193 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.
Listing IDX12715988
Address48 Dundas Street
CityGreater Napanee, Ontario
Price$699,900
Bed / Bath2 / 4 Full
Style2-Storey, Store W Apt/Office
ConstructionBrick, Stone
Land Size0.063
TypeResidential
StatusFor Sale
Subtype Store W Apt/OfficeIndoor Features Carpet Free, Separate Heating Controls, Separate Hydro Meter, StorageAmenities Library, Park, Place Of Worship, River/Stream, SchoolOwnership FreeholdViews CityBasement Full, UnfinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer
Parking 2.00
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Listing Agency:  ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

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48 Dundas Street
Greater Napanee , Ontario
2 4 $699,900
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