48 Dundas Street E Greater Napanee, Ontario K7R 1H8
$699,900
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 $67,647.00/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 with for $500/month. With an NOI of $48,193 this property delivers strong returns 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. (id:49203)
Property Details
| MLS® Number | X12715988 |
| Property Type | Single Family |
| Community Name | 58 - Greater Napanee |
| Amenities Near By | Park, Place Of Worship, Schools |
| Easement | Easement |
| Equipment Type | Water Heater |
| Features | Irregular Lot Size, Level, Carpet Free |
| Parking Space Total | 2 |
| Rental Equipment Type | Water Heater |
| View Type | City View |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 2 |
| Bedrooms Total | 2 |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Dryer, Washer |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Exterior Finish | Brick, Stone |
| Fire Protection | Smoke Detectors |
| Foundation Type | Concrete |
| Half Bath Total | 2 |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 20 Ft |
| Size Irregular | 0.063 |
| Size Total | 0.063 Ac|under 1/2 Acre |
| Size Total Text | 0.063 Ac|under 1/2 Acre |
| Surface Water | River/stream |
| Zoning Description | C3 |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
Contact Us
Contact us for more information
Adam Koven
Broker
www.adamkoven.com/
80 Queen St
Kingston, Ontario K7K 6W7
(613) 544-4141
www.discoverroyallepage.ca/
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March 24 2026 12:50:24
Kingston & Area Real Estate Association
Royal LePage Proalliance Realty, Brokerage