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Raymond Hau

[email protected] +1(416) 201-2001

$ 699,900

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New

48 Dundas ST E Greater Napanee, ON K7R 1H8

2 Beds

4 Baths

UPDATED:

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

Basement Full, Unfinished

Kitchen 2

Interior

Interior Features Carpet Free, Separate Heating Controls, Separate Hydro Meter, Storage

Cooling Other

Fireplace No

Heat Source Electric

Exterior

Parking Features Available

Pool None

View City

Roof Type Flat,Other

Topography Level

Road Frontage Year Round Municipal Road

Lot Frontage 20.0

Lot Depth 132.0

Total Parking Spaces 2

Building

Unit Features Library,Park,Place Of Worship,River/Stream,School

Foundation Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

Virtual Tour https://www.dropbox.com/scl/fi/mb99lcgl07yx1lp039nks/48DundasStE_Brochure_digital.pdf?rlkey=an117s3wc5y5phgz09oux155c&dl=0

Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

Raymond Hau

Team Leader

+1(416) 201-2001

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Markham, ON

Raymond Hau

48 Dundas ST E Greater Napanee, ON K7R 1H8

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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48 Dundas ST E