$785,000
Available - For Sale
Listing ID: X9039453
70 Dundas St West , Greater Napanee, K7R 1Z8, Ontario
| 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. |
| Price | $785,000 |
| Taxes: | $8929.00 |
| Assessment: | $340000 |
| Assessment Year: | 2023 |
| Address: | 70 Dundas St West , Greater Napanee, K7R 1Z8, Ontario |
| Lot Size: | 81.00 x 84.30 (Feet) |
| Directions/Cross Streets: | Centre Street South, West on Dundas, Located on Corner of Dundas & West Street |
| Rooms: | 24 |
| Bedrooms: | 9 |
| Bedrooms +: | 2 |
| Kitchens: | 7 |
| Family Room: | N |
| Basement: | Part Bsmt |
| Approximatly Age: | 100+ |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick, Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Pvt Double |
| Drive Parking Spaces: | 7 |
| Pool: | None |
| Other Structures: | Garden Shed |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 3500-5000 |
| Property Features: | Golf, Hospital, Library, Park, Public Transit, Rec Centre |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK FIRST GROUP REALTY LTD. |
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Dir:
416-828-2535
Bus:
647-462-9629
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Lennox & Addington |
| Municipality: | Greater Napanee |
| Style: | 2-Storey |
| Lot Size: | 81.00 x 84.30(Feet) |
| Approximate Age: | 100+ |
| Tax: | $8,929 |
| Beds: | 9+2 |
| Baths: | 7 |
| Fireplace: | N |
| Pool: | None |
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