48 Dundas Street E, Greater Napanee, ON K7R 1H8
Greater Napanee , K7R 1H8
$699,900.00
4 Bathrooms
2675.16 Square Feet
Commercial
Property Details
| MLS Number | X12715974 |
| Property Type | Commercial |
| City | Greater Napanee |
| City Region | 58 - Greater Napanee |
| Postal Code | K7R 1H8 |
| Cross Street | Dundas Street East (#48) between East Street and John Street |
| Street Number | 48 |
| Street Name | Dundas |
| Lot Width | 20 ft |
| Lot Depth | 132 ft |
| Building Area | 2675.16 Square Feet |
| Bathrooms | 4 |
| Annual Tax | $3,954.00 |
| Utilities | Yes |
| Occupant Type | Tenant |
Description
A strong mixed use income property in the heart of Napanee's revitalized downtown. This well maintained asset includes residential, commercial, and storage income streams, all fully leased, with additional upside through storage leasing and long term area growth driven by the Gibbards District. Mixed use income property with 2 residential units, 1 commercial unit, and 2 storage units. Current Gross Income: $61,647.00/year. Additional income includes one storage unit at $100/month and a second with for $500/month. With an NOI of $48,193 this property delivers strong returns in a growing market. Commercial Lease: Secured until August 2027. New furnace and rubber membrane roof (2020). All units fully leased. Gibbards District bringing major population and customer growth. Financials available upon request
Selvan Puvaneswaranathan
Broker — REMAX Crossroads