ON > Greater Napanee > 58 - Greater Napanee
Greater Napanee, ON K7R 1A5,469 Palace RD
Greater Napanee, ON K7R 1A5,469 Palace RD
Greater Napanee, ON K7R 1A5,469 Palace RD
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$2,789,000
Est. payment /mo
1 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 1 sqft

Price per Sqft $2,789,000

Subdivision 58 - Greater Napanee

MLS Listing ID X12129269

Annual Tax Amount $18,828

Tax Year 2024

Property Sub-Type Investment

Lot Depth 120.0

Lot Front 174.91

Property Description

Fully tenanted 12-unit apartment seniors building located along the Napanee River, just a short walk to downtown Napanee, Napanee Falls, and the waterfront trail. The property features all 2-bedroom units(all similar to the 12 units), with 7 of them updated. Recent upgrades include a steel roof (2016), hardwired fire alarm system (2019), vinyl windows throughout, steel balcony doors with storm doors, exterior LED lighting, and gas water heater. Situated on a spacious lot, the property offers outdoor space for tenants and direct access to the scenic Napanee River. Rental Income Annual of $167489.44!!!!

Location

Province ON

County Lennox & Addington

Community 58 - Greater Napanee

Area Lennox & Addington

Zoning R6-3

Interior

Cooling Yes

Inclusions 12-FRIDGES, 12-STOVES, 7-BUILT-IN MICROWAVES, 2 EACH-COIN OPERATED WASHERS AND DRYERS, WATER HEATER (rented), Other

Exterior

Utilities Available Yes

Lot Frontage 174.91

Lot Depth 120.0

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Listed by KELLER WILLIAMS ENERGY REAL ESTATE, BROKERAGE

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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