469 Palace Road
Greater Napanee, K7R 1A5
FOR SALE
$2,789,000

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Investment
CATEGORY174.91 x 120
LOT SIZEX12129269
MLSIDContact Us
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!!!!
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Property Details
Address
469 Palace Road
Community
City
Postal Code
K7R 1A5
Property Type
Investment, Investment
Days On Market
71
Use
Apartment
Zoning
R6-3
Lot Size
175' x 120'
Acreage
1.4 Feet
Taxes
$18,828 (2024
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
Outside/Surface
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Listing contracted with Keller Williams Energy Real Estate, Brokerage
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