Napanee, ON K7R1Z8,70 DUNDAS Street W
Napanee, ON K7R1Z8,70 DUNDAS Street W
Napanee, ON K7R1Z8,70 DUNDAS Street W
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$785,000
Est. payment /mo
11 Beds
7 Baths
4,864 SqFt
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Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 4,864 sqft

Price per Sqft $161

Subdivision 58 - Greater Napanee

MLS® Listing ID 40620551

Bedrooms 11

Originating Board Kingston & Area Real Estate Association

Property 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. (id:24570)

Location

Province ON

Interior

Heating Baseboard heaters, Forced air,

Cooling None

Exterior

Garage No

Community Features Community Centre

Waterfront No

View Y/N No

Total Parking Spaces 7

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold


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Listed by Re/Max Hallmark First Group Realty Ltd. Brokerage

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Rebecca Liu

+1(613) 879-9650

Agent | License ID: 5031708

Agent License ID: 5031708

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