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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LiLiT Hakobyan

LiLiT Hakobyan

+1(416) 816-5514
$ 699,900
Est. payment | /mo

2 Beds

4 Baths

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

2 Beds

4 Baths

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 X12715988

Style 2-Storey

Bedrooms 2

Annual Tax Amount $3,954

Tax Year 2025

Property Sub-Type Store W Apt/Office

Property Description

Prime Mixed Use Investment - 48 Dundas Street East, Downtown Napanee A strong mixed use income property in the heart of Napanee's revitalized downtown, featuring 2 residential units, 1 commercial unit, and 2 storage units. All spaces are fully leased, generating a current gross income of $55,647/year, with upside to $61,047/year once the 900 sq. ft. storage unit is leased. The commercial tenant is secured until August 2027, providing stable long term cash flow. The main floor commercial space offers 1,300 sq. ft., quality finishes, two bathrooms, dedicated laundry, a new furnace, and a rubber membrane roof installed in 2020. Upstairs are two well designed apartments: a bright modern studio with a heat pump, and a spacious one bedroom with open concept living and a private balcony. Shared laundry is located in the common hallway. Additional income includes one storage unit at $100/month and a second with potential for $450/month. With an NOI of $42,193 (or $47,593 with storage leased), this property delivers strong returns in a growing market. Located steps from the rapidly expanding Gibbards District, the property benefits from increasing population density and customer traffic. Financials are available upon request - a rare opportunity to secure a stable, diversified asset in a thriving downtown corridor.

Location

Province ON

County Lennox & Addington

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

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

ParcelsYN No

Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
LiLiT Hakobyan

"My job is to  deliver more results for you when you are buying or selling your property! "

+1(416) 816-5514

lilithak@yahoo.com

8854 Yonge St, L4C 0T, Hill, Ontario, Canada

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48 Dundas ST E