Space
Finished area and layout
- Building Area
- 2,675 sqft
- Bedrooms
- 2
- Bathrooms
- 4
+63 more
2
Bedrooms
4
Bathrooms
2,675 sqft
Building Area
0.063 ac
Lot
2
Parking
Property Snapshot
Key details for this listing
MLS #X13209810
Property
Type, style and structure
- Type
- commercial
- Style
- retail / Mixed Use
- Stories
- 2
About This Property
This 2-bedroom, 4-bathroom retail in Greater Napanee offers 2,675 sqft of building area on a 0.063 ac lot. 2 storeys. The property has lot dimensions of 0.063. The home features forced air heating, partially air conditioned. Highlights include a 2-car garage.
MLS Remarks
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:60351)
Inclusions
Washer, Dryer, Refrigerator, Stove, All Bathroom Mirrors, All Light Fixtures, All Smoke Detectors, All Carbon Monoxide Detectors.
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