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$785,000
Available - For Sale
Listing ID: X9039453
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: $8,929
Assessment: $340000
Assessment Year: 2023
Address: 70 Dundas St West , Greater Napanee, K7R 1Z8, Ontario
Lot Size: 81 x 84.3 (Feet)
Directions/Cross Streets: Centre Street South, West on Dundas, Located on Corner of Dundas & West Street
Rooms: 24
Bedrooms: 9
Bedrooms +: 2
Washrooms: 7
Kitchens: 7
Family Room: N
Basement: Part Bsmt
No. of Pieces Level
Washroom 1:  4
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.

70 Dundas St West , Greater Napanee, K7R 1Z8, Ontario

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Freehold - Multiplex
Area: Lennox & Addington
Municipality: Greater Napanee
Neighbourhood:
Style: 2-Storey
Lot Size: 81.00 x 84.30(Feet)
Approximate Age: 100+
Tax: $8,929
Maintenance Fee: $0
Beds: 9+2
Baths: 7
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908