48 Dundas Street
About this property
Prime Mixed-Use Investment - 48 Dundas Street East, Downtown Napanee. A strong mixed use income property in the heart of Napanee's revitalized downtown, featuring 2 residential units, 1 commercial unit, and 2 storage units. All spaces are fully leased, generating a current gross income of $61,647/year. The commercial tenant is secured until August 2027, providing stable long term cash flow. The main floor commercial space offers 1,300 sq. ft., quality finishes, two bathrooms, dedicated laundry, a new furnace, and a rubber membrane roof installed in 2020. Upstairs are two well designed apartments: a bright modern studio with a heat pump, and a spacious one bedroom with open concept living and a private balcony. Shared laundry is located in the common hallway. Additional income includes one storage unit at $100/month and a second at $500/month. With an approximate 7% NOI, this property delivers strong, stable returns supported by diversified income streams in a growing market. Located steps from the rapidly expanding Gibbards District, the property benefits from increasing population density and customer traffic. Financials are available upon request - a rare opportunity to secure a stable, diversified asset in a thriving downtown corridor.
Features & finishes
Property details
| MLS® Number | X13209810 |
| Status | Active |
| Listing Type | For Sale |
| Property Type | Commercial |
| Interior Size | 2,500 sq ft |
| Beds / Baths | 2 bed · 4 bath |
| Neighbourhood | 58 - Greater Napanee |
| City | Greater Napanee |
| Postal Code | K7R 1H8 |
| Province | ON |
| Listed Date | May 28, 2026 |
| Days on Market | 70 |
| Price per Sq Ft | $270 |
| Brokerage | ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE |
Location
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