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613 848 2252 


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70 Dundas Street Street W Napanee, Ontario K7R 1Z8

11 Bedroom 7 Bathroom 4864
None Forced Air

$875,000

This legal non-conforming 7 plex has mostly long-term tenants that are above the age of 55+. There are no outstanding issues with any of the tenants. They are month-to-month contracts. There are approximately 7 parking spots available & a storage shed. The building is 100+ years in age. Updates include some newer windows, 2 units lightly renovated, drywall repairs, and roofing. There is currently a 2 bedroom 2 storey until that is vacant and awaiting your choice tenants. It would approximately rent for $1350/month plus hydro. Napanee has a very low vacancy rate. The building gross approximately $58,000/yr not including the vacant unit therefore it has the potential to gross $73,824 once you put a tenant in the ready-to-go vacant apartment. Expenses over the last 3 years average $25,000 including capital expenditures. All tenants are on month-to-month leases and all but one unit pay hydro in addition to their rent. This location is prime and within walking distance to waterfront trails, shopping, dining, spas, library, churches, and much more. This building is being offered for sale for the first time since 1998. Floor plans for each unit, building inspection, financials & additional information are available upon request. (id:47564)

Property Details

MLS® Number 40307620
Property Type Multi-family
Amenities Near By Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Community Features High Traffic Area, Quiet Area, Community Centre
Equipment Type Water Heater
Features Park/reserve, Golf Course/parkland
Parking Space Total 7
Rental Equipment Type Water Heater
Structure Shed

Building

Bathroom Total 7
Bedrooms Total 11
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick, Vinyl Siding
Fire Protection None
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 4864
Utility Water Municipal Water

Land

Access Type Road Access, Highway Access, Rail Access
Acreage No
Land Amenities Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 81 Ft
Size Total Text Under 1/2 Acre
Zoning Description R4

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/24755480/70-dundas-street-street-w-napanee


Alexandra Grant
Salesperson

(613) 888-8365
(905) 831-8147
www.quinteareahomes.ca
www.facebook.com/pecrealtor
Re/Max Hallmark First Group Realty Ltd., Brokerage
1154 Kingston Road #200
Pickering, Ontario L1V 1B4

(905) 831-3300
(905) 831-8147
https://www.remaxhallmark.com/Hallmark-Durham

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