$699,900
FOR SALE

Store W/Apartment/Office 2-Storey

Bedrooms: 2Bathrooms: 4Lot: 20 x 132 ft
2025 Taxes: $3,954

48 Dundas St E
Greater Napanee, ON K7R 1H8 | 58 - Greater Napanee | Lennox & Addington

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.
Extras
Carpet Free, Separate Heating Controls, Separate Hydro Meter, Storage
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Listed By ROYAL LEPAGE PROALLIANCE REALTY, Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12715988
Last Updated May 12, 2026
Property Summary
Property Type Store W/Apartment/Office

More like this:
PIN 450920121
Legal Description PT LT 3 S/S DUNDAS ST PL 82 AS IN LA121334; S/T & T/W LA121334; S/T LA276324; GREATER NAPANEE
Possession Date Flexible
Taxes (2025) $3,954
Directions/Cross Streets Dundas Street East (#48) between East Street and John Street
Neighbourhood 58 - Greater Napanee
Area Lennox & Addington
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 2
Bathrooms 4
Lot 20 x 132 ft
Exterior Brick
Air Conditioning Other
Basement Full, Unfinished
Garage Type None
Parking Spaces 2
Heat Source Electric
Heat Type Forced Air
Sewers Sewer

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