48 DUNDAS STREET E, Greater Napanee (Greater Napanee)
2 BEDS · 4 BATHS
$675,000
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.
General Info
| MLS Listing ID: X13209810 | Bedrooms: 2 | Bathrooms: 4 | Year Built: 0 |
| Listing Type: Single Family | Half Baths: 2 | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Concrete | Roof: N/A | Title To Land: N/A | Parking Space Total: 2 |
| Parking: No Garage | Heating: Forced air | Size: N/A | Air Conditioning : N/A |
| Home Style: N/A | Finished Floor Area: N/A | Fireplaces: Smoke Detectors | Basement: Full (Unfinished) |
| Water Supply: Municipal water | Road Type: N/A | Pool Type: N/A |
Amenities/Features
- Irregular lot size
- Level
- Carpet Free



































