Sean Kim, Broker - Re/Max Realty One Inc.

$475,000

Available - For Sale

Listing ID: X12020320

19/21 Dundas St West , Greater Napanee, K7R 1Z3, Ontario

Main Street building in beautiful Downtown Napanee. Downtown is nestled on the shorelines of the Napanee River boasting character, charm, and history. Originally settled by the Loyalists in 1785. There is an abundance of businesses that make the location a great tourist attraction and a great resource for shopping/dining for locals. Enjoy a small-town quaintness with all the amenities including highway access and rail. Located centrally within 2 hrs (GTA), 30 Minutes (Prince Edward County), and 2 hrs (Ottawa). There are a total of 2 apartments & 2 storefronts which are all are currently rented. Updates to the building include the following: Back Stairs & Decking(2019), Furnace (2019), Roof (2021), Newer Appliances (2021) in residential units, Upgraded plumbing in selected areas(2019-2021), and Upgraded electrical in selected areas (2020 & 2021). Gross income is $50,376 with a net income of $36,081.76. Available upon request information regarding leases, floor plans, and a breakdown of expenses. The price does not include HST.

Price	$475,000
Taxes:	$3694.00
Tax Type:	Annual
Assessment:	$159900
Assessment Year:	2024
Occupancy:	Tenant
Address:	19/21 Dundas St West , Greater Napanee, K7R 1Z3, Ontario
Postal Code:	K7R 1Z3
Province/State:	Ontario
Legal Description:	PT LT 14 N/S DUNDAS ST PL 82 AS IN LA140
Lot Size:	30.00 x 96.00 (Feet)
Directions/Cross Streets:	Robert/Centre

Category:	Store With Apt/Office
Building Percentage:	N
Total Area:	2471.00
Total Area Code:	Sq Ft
Office/Appartment Area:	1289
Office/Appartment Area Code:	Sq Ft
Retail Area:	999
Retail Area Code:	Sq Ft
Area Influences:	Rec Centre

Taxes Expense:	$3964
Insurance Expense:	$3602
Heat Expenses:	$1926
Hydro Expense:	$3098
Water Expense:	$879
Other Expenses:	$825
Gross Income/Sales:	$50376
Net Income Before Debt:	$36082
Year Expenses:	2024
Expenses Actual/Estimated:	$Act

Sprinklers:	N
Outside Storage:	N
Heat Type:	Gas Forced Air Open
Central Air Conditioning:	Y
Water:	Municipal

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Percent Down:
Down Payment	$23,750	$47,500	$71,250	$95,000
First Mortgage	$451,250	$427,500	$403,750	$380,000
CMHC/GE	$18,050	$13,252.5	$11,305	$0
Total Financing	$469,300	$440,752.5	$415,055	$380,000
Monthly P&I	$2,315.91	$2,175.03	$2,048.22	$1,875.23
Expenses	$0	$0	$0	$0
Total Payment	$2,315.91	$2,175.03	$2,048.22	$1,875.23
Income Required	$86,846.65	$81,563.77	$76,808.3	$70,321.17

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$1,172.02

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Disclosure Statement

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. , BROKERAGE

Listing -1 of 0

Sean Kim

Broker

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416-998-1113

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905-270-2000

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905-270-0047

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Type:	Com - Store W/Apt/Office
Area:	Lennox & Addington
Municipality:	Greater Napanee
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Style:
Lot Size:	30.00 x 96.00(Feet)
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Tax:	$3,694
Maintenance Fee:	$0
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