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Investment signal

$625,000

143 DUNDAS STREET W

Beds

Baths

Sqft

—

Year

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Location

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About this home

Attention investors- rarely available triplex in downtown Napanee with two vacant units! Sizeable 2480 sq ft building with One 3 bed, one 2 bed, and one 1 bed apartments. Three separate hydro meters. Large lot and a solid building with good partitions and good layouts. Impressive two car garage for storage or vehicles. Ample parking and two driveways ensure that parking is easy for everyone without them having to juggle their cars. Owner pays for water. Heat/hydro paid by the tenants which is separately metered. No laundry on site, but there are laundromats nearby. Improvements include newer shingles, natural gas furnace and baseboard heaters, windows, bathrooms, flooring, and paint - all completed in 2019 and 2020. Napanee is a charming small town in a bustling part of southern Ontario. With freshly painted and updated units 1 and 2 vacant, a new owner can set their own rent or occupy that unit themselves! Unit three is tenanted with great tenants on month to month. This impressive building was built to last in 1871..... Now ready for the new owner! A nice piece for your portfolio! (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: 58 - Greater Napanee
Lot dimensions: 66.2 x 125.1 FT
Bedrooms: 6 above grade
Parking: 6 total
Stories: 2
On market: Feb 18, 2026
Status changed: Apr 13, 2026
Annual tax: $3,669.56
Photos: 31
MLS#: X12799388
Area: GREATER_NAPANEE_(GREATER_NAPANEE)

Features and systems

Parking

Detached GarageGarage

Basement

Crawl space

Appliances

RefrigeratorStoveWater Heater

Heating

Baseboard heatersForced airNot knownNot knownElectricNatural gas

Cooling

Window air conditionerNone

Exterior

BrickVinyl siding

Flooring

Laminate

Foundation

Stone

Lot

Carpet FreeSump Pump

Negative cash flow ~$1,080/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-10.37%

Cap rate

3.82%

GRM

15.8

Break-even rent

$4,437

Financing

Down payment$125,000

Loan amount$500,000

Mortgage$3,067/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$286

Insurance$80

Maintenance$521

CapEx reserve$260

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Greater Napanee (Greater Napanee). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,067/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.