Homes for sale - 70 Dundas Street W, Napanee, ON K7R 1Z8

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Ivan Gascho

[email protected] +1(519) 573-7440

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

$ 785,000

Est. payment -/mo

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Active

70 Dundas Street W Napanee, ON K7R 1Z8

11 Beds

7 Baths

4,864 SqFt

UPDATED:

11/07/2024 08:51 PM

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 4,864 sqft

Price per Sqft $161

MLS Listing ID 40620551

Bedrooms 11

Abv Grd Liv Area 4,864

Originating Board Kingston

Annual Tax Amount $8,929

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 $82,596 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.

Location

Province ON

County Lennox And Addington

Area Greater Napanee

Zoning R4

Direction Centre Street South, West on Dundas, Located on the Corner of Dundas & West

Rooms

Other Rooms Shed(s)

Basement Partial, Unfinished

Kitchen 0

Interior

Interior Features Separate Heating Controls, Separate Hydro Meters

Heating Baseboard, Forced Air, Natural Gas

Cooling None

Fireplace No

Appliance Refrigerator, Stove

Laundry In-Suite

Exterior

Exterior Feature Year Round Living

Garage Gravel

Waterfront No

Roof Type Membrane,Metal

Porch Porch

Lot Frontage 81.0

Garage No

Building

Lot Description Irregular Lot, City Lot, Near Golf Course, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby, Trails

Faces Centre Street South, West on Dundas, Located on the Corner of Dundas & West

Story 2

Foundation Slab, Stone

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick,Vinyl Siding

New Construction No

Schools

High Schools N.D.S.S.

Others

Senior Community No

Tax ID 450930035

Ownership Freehold/None

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

Ivan Gascho

70 Dundas Street W Napanee, ON K7R 1Z8

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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70 Dundas Street W