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Est. payment | /mo
6,336 SqFt
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Est. payment | /mo
6,336 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,336 sqft
Subdivision 58 - Greater Napanee
MLS Listing ID X13701884
Annual Tax Amount $11,802
Tax Year 2025
Property Sub-Type Investment
Property Description
Excellent user or investment opportunity available for sale. Estimated to be built circa 1990 as the 'Twin Peaks Motel', the property has since been converted into a multi-residential configuration. It now comprises 18 self-contained studio units and one detached three-bedroom dwelling. At full occupancy, the estimated rental income is forecasted to be $254,940 per annum. The property is strategically located on a 0.81-acre site with approximately 232.96 feet of frontage along Dundas Street West, providing excellent visibility and accessibility along one of the town's primary commercial corridors. The site features a low building coverage of approximately 18% and 65 surface parking spaces, offering a strong parking ratio and excess land that may support future intensification or redevelopment. The property is believed to be zoned C2 (Arterial Commercial), which permits a broad range of commercial uses including retail, restaurant, office, hospitality, automotive, and service-related operations. This flexible zoning provides investors with the ability to maintain the current income profile or reposition the site into alternative commercial or mixed-use formats, subject to municipal approvals. The property is tenanted and being sold 'as-is, where-is'.
Location
Province ON
County Lennox & Addington
Area Lennox & Addington
Zoning C1
Interior
Cooling Yes
Inclusions Any inclusions chattels/fixture will deemed as-is condition.
Exterior
Utilities Available Available
Lot Frontage 232.96
Lot Depth 159.49
Others
Security Features Yes
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
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Colin Abbot
Broker, Team Leader License ID: 9636655