48 DUNDAS STREET E, Greater Napanee (Greater Napanee), Ontario, K7R1H8

Property 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: $55,647/year. Income Upside: $61,047/year with 900 sq. ft. storage leased. NOI: $42,193 (or $47,593 with storage leased). 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 (id:64974)

Quick Facts

• Property Type: Residential Commercial Mix
• Bedrooms: None
• Bathrooms: 4
• Living Area: 2,675 sq ft (248.5 m²)
• Parking: 2 spaces
• Lot Size: 0.0630 acres (0.03 ha)
• Frontage: 20 ft (6.1 m)

Costs

• Annual Taxes: $3,954.00

Listing Provided by: ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Board: Kingston & Area Real Estate Association
Data provided via CREA DDF®.