$785,000
FOR SALE

Multiplex 2-Storey

Bedrooms: 9+2Bathrooms: 7Lot: 81 x 84.3 ft
2024 Taxes: $8,929

70 Dundas St W
Greater Napanee, ON K7R 1Z8 | Lennox & Addin

Discover a unique investment opportunity with this well-maintained legal non-conforming 7-plex, boasting a history of steady occupancy and satisfied residents. Currently, all tenants are aged 55+, fostering a peaceful and mature community. Each unit is rented on a month-to-month basis. This property has return on investment with a projected rental income of $80,388 per year and current expenses of $23,033.54 (2023). Conveniently, it offers seven parking spots and an outbuilding for additional storage, catering to tenant needs. Two units are intentionally kept vacant, offering immediate potential for new tenants or renovation. Owned by the same individual since 1998, the building has been meticulously cared for and upgraded over the years. Detailed floor plans, a comprehensive list of upgrades, and a breakdown of expenses and rents are available upon request. Dont miss out on this rare opportunity to own a multi-family property in a desirable location.
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Listed By RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9039453
Last Updated Jul 16, 2024
Property Summary
Property Type Multiplex

More like this:
PIN 450930035
Legal Description PT LT 21 S/S DUNDAS ST, 22 S/S DUNDAS ST PL 82 AS*
Possession Date Flexible
Taxes (2024) $8,929
Assessment (2023) $340,000
Directions/Cross Streets Centre Street South, West on Dundas, Located on Corner of Dundas & West Street
Area Lennox & Addin
Price History

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Detailed Information
Fronting On S
Property Features Golf, Hospital, Library, Park, Public Transit, Rec Centre
Special Designations Unknown
Bedrooms 9+2
Bathrooms 7
Rooms 24
Kitchens 7
Lot 81 x 84.3 ft
Lot Irregularities Irregular
Approximate Square Footage 3500-5000
Approximate Age 100+
Exterior Brick, Vinyl Siding
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Basement Part Bsmt
Drive Pvt Double
Garage Spaces 0.0
Garage Type None
Parking Spaces 7
Total Parking Spaces 7.0
Heat Source Gas
Heat Type Forced Air
Other Structures Garden Shed
Sewers Sewers
Water Municipal
Zoning R4
Seller Property Info Statement N
Bathrooms
Pieces Level
4

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