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70 Dundas Street W Napanee, Ontario K7R 1Z8

11 Bedroom 7 Bathroom 4864 sqft
None Baseboard Heaters, Forced Air

$785,000

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:28880)

Property Details

MLS® Number 40620551
Property Type Multi-family
AmenitiesNearBy Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
CommunityFeatures Community Centre
Features Crushed Stone Driveway
ParkingSpaceTotal 7
Structure Shed, Porch

Building

BathroomTotal 7
BedroomsTotal 11
BasementDevelopment Unfinished
BasementType Partial (unfinished)
CoolingType None
ExteriorFinish Brick, Vinyl Siding
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Baseboard Heaters, Forced Air
StoriesTotal 2
SizeInterior 4864 Sqft
UtilityWater Municipal Water

Land

AccessType Road Access
Acreage No
LandAmenities Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeFrontage 81 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R4

https://www.realtor.ca/real-estate/27170886/70-dundas-street-w-napanee

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Alexandra Grant
Salesperson


RE/MAX Hallmark First Group Realty Ltd. Brokerage
218-1154 Kingston Rd
Pickering, Ontario L1V 3B4

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