Homes for sale - 48 DUNDAS STREET E, Greater Napanee (greater Napan...

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Roshan Basnet

realtorbasnet@gmail.com +1(647) 818-7373

$ 699,900

Est. payment | -/mo

2 Beds

4 Baths

2,744 Sqft Lot

Save Virtual Tour

$ 699,900

Est. payment | -/mo

Save Virtual Tour

2 Beds

4 Baths

2,744 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision 58 - Greater Napanee

MLS® Listing ID X12173358

Bedrooms 2

Half Baths 2

Lot Size 2,744 Sqft

Acres 0.063

Source Kingston & Area Real Estate Association

Property Description

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! (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Exterior

Parking Features No

View Y/N Yes

View City view

Total Parking Spaces 2

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Virtual Tour https://www.dropbox.com/scl/fi/mb99lcgl07yx1lp039nks/48DundasStE_Brochure_digital.pdf?rlkey=an117s3wc5y5phgz09oux155c&dl=0

Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 818-7373

realtorbasnet@gmail.com

4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada

48 DUNDAS STREET E Greater Napanee (greater Napanee), ON K7R1H8