About this property

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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X9039453
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	3,500 sq ft
Beds / Baths	11 bed · 7 bath
Neighbourhood	58 - Greater Napanee
City	Greater Napanee
Postal Code	K7R 1Z8
Province	ON
Listed Date	March 3, 2026
Brokerage	RE/MAX HALLMARK FIRST GROUP REALTY LTD.