70 Dundas Street W , Napanee, ON K7R 1Z8
Napanee, ON K7R 1Z8
Description
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. Don’t miss out on this rare opportunity to own a multi-family property in a desirable location.
Details
| MLS# | 40620551 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 92 |
| Listing Provided By | Re/Max Hallmark First Group Realty Ltd. Brokerage | Alexandra Grant |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 4,864 |
| Basement | Y |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 1 |
| Zoning | R4 |
| Golf Course | Yes |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Lennox and Addington |
| City | Napanee |
| Postal Code | K7R 1Z8 |
| Area | Greater Napanee |
| Subarea | 58 Greater Napanee |
| Community Name | 58 Greater Napanee |
| School District | N.D.S.S. |
| Listing VS Median (in 58 Greater Napanee) | |
Price: $785,000 low | high Med: $649,900 SqFt: 4,864 low | high Med: 1,648 $ / SqFt: $161 low | high Med: $437 On Site: 92 low | high Med: 34.500000 | |