Prime investment opportunity in the heart of historic downtown Napanee! This fully tenanted, mixed-use building offers two residential units and a commercial storefront, generating a total annual rental income of $37,416. Recent upgrades include electrical panel updates (Fall 2024) and the installation of new 3 separate hydro meters. The residential units are fully rented, with one tenant paying utilities and the others enjoying all-inclusive arrangements. The commercial storefront provides excellent potential, with permitted uses available upon request. Located in the quaint Town Square, the property is surrounded by charming boutiques, restaurants, and the allure of small-town living. With annual expenses of $14,100.48 and a CAP rate of 5.98%, this is an ideal investment for those seeking steady cash flow in a prime location. Don't miss this opportunity to own a versatile property in one of Napanees most desirable areas. All Showing requests must be made 48 hrs in advance. (id:47421)
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Listed By
RE/MAX HALLMARK FIRST GROUP REALTY LTD. , Brokerage
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Detailed Information
Bathrooms
4
Lot
32.58 x 168.92 ft
Listing Contract Date
2025-01-27
Location Description
Dundas St W, South on John Street
# of Parking Spaces
8
Property Type
Retail
Transaction Type
For sale
Zoning Description
C3
Business
Business Type
Retail and Wholesale
Business Subtype
Retail misc.
Building
Appliances
Two stoves, Two Refrigerators
Heating Fuel
Natural gas
Heating Type
Forced air
Utility Water
Municipal water
Land
Total Size
32.61 x 168.94 FT
Sewer
Sanitary sewer
Size of Irregular Land
32.61 x 168.94 FT
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