48 Dundas ST E new Save Request In-Person Tour Request Virtual Tour
Greater Napanee,ON K7R 1H8
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 58 - Greater Napanee
MLS Listing ID X12173358
Style 2-Storey
Bedrooms 2
Annual Tax Amount $3,754
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
Unlock a remarkable investment opportunity with this exceptional property at 48 Dundas Street East, beautifully positioned in the vibrant heart of downtown Napanee. This prime location features two stunning apartments, a high-visibility commercial unit, and exciting potential for future expansion. The city is willing to approve a third residential unit over the current front unit, offering even greater income possibilities. Step into the first apartment, a bright and inviting studio thoughtfully designed with a modern kitchen, a spacious 3-piece bathroom, and expansive windows that flood the space with natural light. A heat pump ensures year-round comfort. The second apartment is a charming one-bedroom unit with a generous living room, a welcoming open kitchen and dining area, and a private balcony for outdoor relaxation. Both apartments share convenient laundry facilities in the common hallway. On the main floor, you'll discover a generous commercial unit spanning over 1,300 square feet. This impressive space features elegant plank and hardwood flooring, two bathrooms, and its own laundry facility. Additionally, the full unfinished basement provides ample storage solutions. The store benefits from a new furnace installed last year and a long-life rubber membrane roof, installed in 2020. Currently, all three units are fully leased, generating a reliable annual income of $47,583.00, with the commercial lease set to increase yearly. Moreover, the Gibbards District will bring significant population growth, driving a large customer base just down the street. Nestled in the revitalized downtown core, the front residential unit is brand new, adding to the appeal. Don't let this spectacular investment slip away!
Location
Province ON
County Lennox & Addington
Community 58 - Greater Napanee
Area Lennox & Addington
Rooms
Family Room No
Kitchen 2
Interior
Cooling Other
Exterior
Parking Features Available
Pool None
View City
Roof Type Flat,Other
Building
Foundation Concrete
Others
Virtual Tour https://www.dropbox.com/scl/fi/mb99lcgl07yx1lp039nks/48DundasStE_Brochure_digital.pdf?rlkey=an117s3wc5y5phgz09oux155c&dl=0