143 Dundas Street W

If you’re on the lookout for an exceptional investment opportunity, then this Multi-Family Home for sale in Greater Napanee might just be what you need. Nestled at 143 Dundas Street W, Greater Napanee, this remarkable triplex is a rare find in the heart of downtown Napanee. With a generous size of 2480 square feet, this two-storey multiplex boasts a well-thought-out layout that features three distinct units: one with three bedrooms, another with two bedrooms, and a cosy one-bedroom unit. This is a fantastic chance for investors to step into a property that not only promises potential but also offers a solid foundation for future growth.

The property is situated on a sizeable lot measuring 66 by 125 feet, providing ample outdoor space and ensuring that the building stands out in the community of 58 - Greater Napanee. The exterior is a combination of vinyl siding and brick, giving it a classic yet contemporary look. The building is well-maintained, with significant improvements made in recent years, including newer shingles, a natural gas furnace, baseboard heaters, windows, bathrooms, flooring, and fresh paint, all completed between 2019 and 2020.

As you explore the interior, you'll find a total of 14 rooms, including three kitchens, which is a unique feature for a Multi-Family Home for sale in Greater Napanee. Although there is no den or family room, the spacious bedrooms and separate living areas in each unit provide a comfortable living environment for tenants. The two other units are currently tenanted with reliable month-to-month tenants, ensuring a steady income stream from the moment you take ownership. Meanwhile, the vacant two-bedroom unit offers the new owner the flexibility to set their own rent or even occupy the space themselves.

Parking is a breeze with a private double driveway that accommodates up to four vehicles, along with a detached two-car garage that can be used for storage or to house vehicles. The property is connected to municipal water and sewer, and while there is no air conditioning, window units can easily be installed for those warmer months. Additionally, internet access is available, making this Multi-Family Home for sale in Greater Napanee an attractive option for modern tenants.

One notable aspect of this property is that the owner pays for water, while heat and hydro are separately metered and managed by the tenants. This arrangement simplifies the management process, allowing for a more straightforward approach to property oversight. Although there is no laundry facility on-site, nearby laundromats ensure that tenants have easy access to laundry services.

This Multi-Family Home for sale in Greater Napanee is not just a building; it’s a piece of history, having been constructed in 1871. It has been built to last and is now ready for a new owner to take the reins. The charming small town of Napanee is located in the bustling area of Lennox & Addington, making it an ideal location for those looking to invest in a growing community.

With the freshly painted and updated unit 2 vacant, the potential for rental income is significant. Whether you’re looking to expand your property portfolio or enter the world of real estate investment, this triplex at 143 Dundas Street W, Greater Napanee, presents an excellent opportunity. Don’t miss your chance to own this impressive Multi-Family Home for sale in Greater Napanee—it's a fantastic addition to any investment strategy!

Greater Napanee, situated in the heart of Ontario, is a charming and picturesque community that offers a delightful blend of small-town charm and modern amenities. Nestled along the banks of the Napanee River, this area boasts stunning natural landscapes, including parks and recreational trails, perfect for outdoor enthusiasts. The town centre features a variety of local shops, cafés, and restaurants, fostering a warm and welcoming atmosphere. With a rich history reflected in its heritage buildings and a strong sense of community spirit, Greater Napanee is an ideal place for those seeking a tranquil lifestyle while still enjoying easy access to urban conveniences. Whether you’re drawn by the scenic beauty or the friendly local culture, Greater Napanee promises a fulfilling and enjoyable living experience.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The Prince Charles School, situated just 0.5 km away, offers both English and French programs for elementary students from Junior Kindergarten to Grade 8, boasting a commendable school rating of 4.4. Additionally, Napanee District Secondary School, located 0.6 km from the property, provides a French-language curriculum for grades 9 to 12 and enjoys an impressive rating of 5.2, reflecting its strong academic performance. For those seeking a Catholic education, J.J. O'Neill Catholic School is also nearby, approximately 0.8 km away, offering an English program for students from Kindergarten to Grade 8, although it has a lower rating of 3.2. Overall, the proximity to these educational institutions not only enhances the appeal of the property but also ensures that families have access to quality education options within a short distance, fostering a supportive community environment for children to thrive academically.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 452 residents, with an average household size of 2.1 individuals. The demographic profile indicates a mature community, with an average age of 46.8 years. The average household income stands at $80,000, although 17% of the population is classified as low-income. The average property price in the area is $480,000, reflecting the local real estate market dynamics. Socially, the community is diverse, with 44.74% of residents identifying as single and 30.77% living in households with children. Immigrants make up 5.05% of the population, contributing to the area’s cultural fabric. A notable portion of the community, 34.78%, are renters, while there are no condominiums reported in the area. Educational attainment is high, with 51.81% of residents holding a college or university degree. However, the labor force participation is relatively low, with 48.19% of the population not actively engaged in the workforce. This demographic snapshot highlights a stable, educated community with a mix of families and singles, alongside economic challenges for some residents.