48 Dundas Street E, Greater Napanee, ON K7R 1H8
Greater Napanee, ON, K7R 1H8 · 58 - Greater Napanee
About this property
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 $61,647/year. 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 at $500/month. With an approximate 7% NOI, this property delivers strong, stable returns supported by diversified income streams 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.
Features & Amenities
- Basement: Full, Unfinished
- Garage: None
- Cooling: Other
- Heat Type: Forced Air
- Heat Source: Electric
- Style: 2-Storey
- Construction: Brick, Stone
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Store W Apt/Office |
| Architectural Style | 2-Storey |
| Bedrooms | 2 |
| Bathrooms | 4 |
| Lot Size | 0 Feet |
| Basement | Full, Unfinished |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Electric |
| Cooling | Other |
| Sewer | Sewer |
| Annual Tax | $3,954 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Carpet Free, Separate Heating Controls, Separate Hydro Meter, Storage
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick, Stone
- Foundation Details
- Concrete
- Roof
- Flat, Other
- Basement
- Full, Unfinished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Electric
- Cooling
- Other
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Parking Features
- Available
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 0.06
- Lot Size Units
- Feet
- Lot Depth
- 132.00
- Lot Width
- 20.00
Community & Neighborhood
- Property Features
- Library, Park, Place Of Worship, River/Stream, School
Financial & Tax
- Tax Annual Amount
- $3,954
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 21
- Rooms Below Grade
- 1
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 2
- Bedrooms Below Grade
- 0
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Lennox & Addington
- Cross Street
- Dundas Street East (#48) between East Street and John Street
- Directions
- Highway #2 turns into Dundas Street in Napanee - #48 Dundas Street E
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
48 Dundas Street E, Greater Napanee, ON K7R 1H8, Greater Napanee, ON, K7R 1H8