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 NOI: 7% 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
Address
48 Dundas Street E
List Price
$675,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Greater Napanee
Sub-Area
58 - Greater Napanee
Region
Lennox & Addington
Bathrooms
4
Lot Size Source
GeoWarehouse
Lot Depth
132
Lot Shape
Irregular
Lot Type
Building
Lot Size Units
Feet
Lot Width
20
Parcel Number
450920121
Total Building Area
2675.16
Occupant Type
Tenant
Cross Street
Dundas Street East (#48) between East Street and John Street
MLS® Number
X13209878
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Basement
Yes
Postal Code
K7R 1H8
Posession Details
Flexible
Parking Spaces
2
Tax Amount
$3,954.00
Tax Year
2025
Standard Status
Active
Board Or Association
Kingston & Area Real Estate Association
Heat Type
Electric Forced Air
Cooling Features
Partial
Garage Type
None
Tax Legal Description
PT LT 3 S/S DUNDAS ST PL 82 AS IN LA121334; S/T & T/W LA121334; S/T LA276324; GREATER NAPANEE
Security Features
No
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