ON > Greater Napanee > 58 - Greater Napanee
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
Greater Napanee, ON K7R 1H8,48 Dundas ST E
Greater Napanee, ON K7R 1H8,48 Dundas ST E
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 699,900
Est. payment | /mo

2 Baths

2,675 SqFt

Save
$ 699,900
Est. payment | /mo
Save

2 Baths

2,675 SqFt

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

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-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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