381 Palace Road Napanee, Ontario K7R 1A2
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$539,900
Attention savvy investors! This unique triplex offers tons of value whether you are just starting to build your portfolio or want to add to it. The main floor of the original home consists of a 2 bedroom apartment with a 3 pc bath, in unit washer/dryer, open kitchen, large living room and bright rooms. The lower level consists of another 2 bedroom unit with 4 pc bath, open kitchen, small living room and utility room. The show stopper is the 3 car garage with 2 pc bath and roughed in Gas heater that was constructed in 2009/10 with arguably one of the nicer 2 bedroom apartments above it that you will find in the area. The apartment features Gaylord hardwood flooring, 2 very spacious bedrooms, luxurious bathroom w/walk in shower, corner tub and fireplace. The rest of the apartment consists of a dedicated laundry room, large living room, bright kitchen and 2nd level balcony. All units are separately metered with each tenant paying their own hydro/heat. The roof was replaced in 2010, most windows 2009/2010, municipal water/sewer, gas at the road (to hook up the garage heater), parking for 5 vehicles + the garage. This building is the perfect opportunity for a tradesman/woman who wishes to run their business from the garage and live in one of the units on site or rent it all out. The tenants are excellent and wish to stay. Please reach out for the financial details. (id:42390)
Property Details
| MLS® Number | 40324691 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Schools |
| Equipment Type | None |
| Features | Corner Site, Park/reserve, Golf Course/parkland |
| Parking Space Total | 9 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 6 |
| Appliances | Freezer |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding |
| Fire Protection | None |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 1824 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 114 Ft |
| Size Frontage | 123 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/24889340/381-palace-road-napanee
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October 31 2022 01:10:36
Kingston & Area Real Estate Association
Sutton Group-Masters Realty Inc Brokerage