70 Dundas Street W Active Save Request In-Person Tour Request Virtual Tour
Napanee,ON K7R 1Z8
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
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 $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.
Location
Province ON
County Lennox And Addington
Area Greater Napanee
Zoning R4
Rooms
Other Rooms Shed(s)
Kitchen 0
Interior
Heating Baseboard,Forced Air,Natural Gas
Cooling None
Laundry In-Suite
Exterior
Exterior Feature Year Round Living
Garage Gravel
Waterfront No
Roof Type Membrane,Metal
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
Story 2
Foundation Slab,Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
Schools
High Schools N.D.S.S.