ON > Greater Napanee > 58 - Greater Napanee
Greater Napanee, ON K7R 1H8,48 Dundas ST E
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Greater Napanee, ON K7R 1H8,48 Dundas ST E
Greater Napanee, ON K7R 1H8,48 Dundas ST E
Greater Napanee, ON K7R 1H8,48 Dundas ST E
Greater Napanee, ON K7R 1H8,48 Dundas ST E
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 699,900
Est. payment /mo
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Active

48 Dundas ST E Greater Napanee, ON K7R 1H8

2 Baths

2,675 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,675 sqft

Price per Sqft $261

Subdivision 58 - Greater Napanee

MLS Listing ID X12173353

Annual Tax Amount $3,754

Tax Year 2024

Property Sub-Type Store W Apt/Office

Lot Depth 132.0

Lot Front 20.0

Property Description

Exceptional Investment Opportunity at 48 Dundas Street East, Downtown Napanee. Unlock a prime investment in the heart of Napanees thriving downtown! This property boasts a high-visibility commercial unit and two beautifully designed apartments, with city-approved plans for a third residential unit above the existing front unitoffering even greater income potential. The commercial space spans over 1,300 square feet and features stylish plank and hardwood flooring, two bathrooms, a dedicated laundry facility, and a new furnace installed last year. Additionally, a long-life rubber membrane roof was installed in 2020, ensuring durability for years to come. Below, the full unfinished basement provides ample storage. Upstairs, you'll find two thoughtfully crafted apartments. The newly built front unit is a bright and airy studio with a modern kitchen, an expansive 3-piece bathroom, and a heat pump for year-round comfort. The second unit is a charming one-bedroom apartment with a spacious living room, an open-concept kitchen and dining area, and a private balcony for outdoor relaxation. Both units share laundry facilities in the common hallway. Currently, all three units are fully leased, generating a strong annual income of $47,583.00, with the commercial lease increasing yearly. Adding even more value, the Gibbards District is driving major population growth, bringing a steady influx of new customers right down the street. Nestled in Napanees revitalized core, this property offers proximity to shops, restaurants, parks, and scenic river views. A fantastic opportunity for investors looking to capitalize on an expanding market! Don't let this spectacular investment slip away!

Location

Province ON

County Lennox & Addington

Community 58 - Greater Napanee

Area Lennox & Addington

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 20.0

Lot Depth 132.0

Others

Security Features No

Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
agent

Jethro Seymour

Broker

+1(416) 712-0767

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48 Dundas ST E

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