Space
Finished area and layout
- Building Area
- 6,336 sqft
+45 more
6,336 sqft
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
Lot
Land, frontage and setting
- Zoning
- C1
Costs
Price, taxes and monthly charges
About This Property
This investment in Greater Napanee offers 6,336 sqft of building area. The property has zoned C1. The home features yes.
MLS Remarks
Excellent user or investment opportunity available for sale. Estimated to be built circa 1990 as the 'Twin Peaks Motel', the property has since been converted into a multi-residential configuration. It now comprises 18 self-contained studio units and one detached three-bedroom dwelling. At full occupancy, the estimated rental income is forecasted to be $254,940 per annum. The property is strategically located on a 0.81-acre site with approximately 232.96 feet of frontage along Dundas Street West, providing excellent visibility and accessibility along one of the town's primary commercial corridors. The site features a low building coverage of approximately 18% and 65 surface parking spaces, offering a strong parking ratio and excess land that may support future intensification or redevelopment. The property is believed to be zoned C2 (Arterial Commercial), which permits a broad range of commercial uses including retail, restaurant, office, hospitality, automotive, and service-related operations. This flexible zoning provides investors with the ability to maintain the current income profile or reposition the site into alternative commercial or mixed-use formats, subject to municipal approvals. The property is tenanted and being sold 'as-is, where-is'.
Inclusions
Any inclusions chattels/fixture will deemed as-is condition.
Full Listing Details
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