70 W Dundas St, Greater Napanee, Ontario K7R 1Z8
70 W Dundas St, Greater Napanee, Ontario K7R 1Z8
For Sale
$785,000
70 W Dundas St, Greater Napanee, Ontario K7R 1Z8
- 4,250
- 11
- 7
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. Dont miss out on this rare opportunity to own a multi-family property in a desirable location.
Basic Details
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Mls Status: Extension
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Modification Timestamp: 2024-10-07T19:14:28Z
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Originating System Name: TRREB
Basic Details
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Property Type: Residential
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Property Sub Type: Multiplex
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Listing ID: X9039453
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Listing Type: For Sale
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Price: $785,000
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Bedrooms: 11
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Bathrooms: 7
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Square Footage: 4,250
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Office Name: RE/MAX HALLMARK FIRST GROUP REALTY LTD.
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Listing Status: Active
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Roof : Metal, Membrane
Address Map
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Province ON
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City Greater Napanee
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Postal K7R 1Z8
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Street: Dundas
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Street Number: 70
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Street Suffix: Street
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Zoning: R4
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Direction Faces: South
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Street Dir Suffix: W
Features
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Swimming Pool : None
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Cooling System : None
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Basement : Partial Basement
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Parking : Private Double
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Architectural Style : 2-Storey
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Interior Features : Separate Hydro Meter, Separate Heating Controls
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Sewer : Sewer
