$785,000
 $4,214 est/mo Sourced by Back At You

70 Dundas Street W , Napanee, ON K7R 1Z8

Napanee, ON K7R 1Z8

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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.

Details

MLS#40620551
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site120
Listing Provided ByRe/Max Hallmark First Group Realty Ltd. Brokerage | Alexandra Grant

Features

Bed(s)11
Bath(s)7
SQ Feet4,864
BasementY
Story(s)2
Units7
Building(s)1
ZoningR4
Golf CourseYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 4 minutes ago
ProvinceON
CountyLennox and Addington
CityNapanee
Postal CodeK7R 1Z8
AreaGreater Napanee
Subarea58 Greater Napanee
Community Name58 Greater Napanee
School DistrictN.D.S.S.
Listing VS Median (in 58 Greater Napanee)
Price:
$785,000
low | high
Med:
$644,900
67.847133757962% of Average
SqFt:
4,864
low | high
Med:
1,745
100% of Average
$ / SqFt:
$161
low | high
Med:
$422
100% of Average
On Site:
120
low | high
Med:
36.000000
100% of Average
Sourced by Back At You
Listing Updated: November 7, 2024 at 4:00:57 PM PST