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469 Palace Road Greater Napanee, Ontario K7R 1A5

1 ac
Fully Air Conditioned Other Acreage

$2,789,000

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!!!! (id:35544)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number X12129269
Property Type Multi-family
Community Name 58 - Greater Napanee

Building

Appliances Dryer, Microwave, Water Heater, Washer
CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Other
SizeInterior 1 Ac
Type Multi-family
UtilityWater Municipal Water

Land

Acreage Yes
SizeDepth 120 Ft
SizeFrontage 174 Ft ,10 In
SizeIrregular 1.36
SizeTotal 1.36 Ac
SizeTotalText 1.36 Ac
ZoningDescription R6-3
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