Jag Patel
Broker
$699,900
Available - For Sale
Listing ID: X12173358
48 Dundas Stre East , Greater Napanee, K7R 1H8, Lennox & Addingt
| 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! |
| Price | $699,900 |
| Taxes: | $3754.02 |
| Occupancy: | Tenant |
| Address: | 48 Dundas Stre East , Greater Napanee, K7R 1H8, Lennox & Addingt |
| Acreage: | < .50 |
| Directions/Cross Streets: | Dundas Street East (#48) between East Street and John Street |
| Rooms: | 21 |
| Rooms +: | 1 |
| Bedrooms: | 2 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Full, Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Second | Foyer | 3.84 | 3.38 | |
| Room 2 | Second | Bathroom | 6.89 | 5.12 | 3 Pc Bath |
| Room 3 | Second | Kitchen | 7.45 | 11.25 | Open Concept |
| Room 4 | Second | Bedroom | 16.17 | 18.17 | Open Concept, Combined w/Living, Combined w/Dining |
| Room 5 | Second | Common Ro | 8.17 | 6.69 | Combined w/Laundry |
| Room 6 | Second | Foyer | 6.86 | 7.61 | |
| Room 7 | Second | Living Ro | 18.79 | 12.89 | Hardwood Floor |
| Room 8 | Second | Bedroom | 11.58 | 11.38 | Hardwood Floor |
| Room 9 | Second | Bathroom | 5.71 | 13.42 | 4 Pc Bath |
| Room 10 | Second | Kitchen | 12.76 | 13.42 | Open Concept, Combined w/Dining, W/O To Balcony |
| Room 11 | Main | Sitting | 15.58 | 16.01 | |
| Room 12 | Main | Office | 9.02 | 16.01 | |
| Room 13 | Main | Bathroom | 6.07 | 2.85 | 2 Pc Bath |
| Room 14 | Main | Bathroom | 6.07 | 2.56 | 2 Pc Bath |
| Room 15 | Main | Common Ro | 12.69 | 17.61 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 2 | Main |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Store W Apt/Office |
| Style: | 2-Storey |
| Exterior: | Brick, Stone |
| Garage Type: | None |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 2 |
| Park #1 | |
| Parking Type: | Available |
| Park #2 | |
| Parking Type: | Available |
| Pool: | None |
| Approximatly Square Footage: | 2500-3000 |
| Property Features: | Library, Park |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Other |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
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At a Glance:
| Type: | Freehold - Store W Apt/Office |
| Area: | Lennox & Addington |
| Municipality: | Greater Napanee |
| Neighbourhood: | 58 - Greater Napanee |
| Style: | 2-Storey |
| Tax: | $3,754.02 |
| Beds: | 2 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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