353 Dundas Street
Greater Napanee, ON
6,336 sqft • Investment • 7 days on market
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'.
Listing Details
- Taxes (2025)
- $11,802
- Listed
- August 20, 2026
Price History
Property
- Lot Size
- 232.96 x 159.49 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Dundas Street West & Richmond Park Drive
- Zoning
- C1
- Parcel Number
- 450840201
- Possession
- Immediate
Commercial
- Business Type
- Hotel/Motel/Inn
- Occupancy
- Tenant
Included
- Inclusions
- Any inclusions chattels/fixture will deemed as-is condition.
- Exclusions
- All tenant chattels/fixtures
Community
Postal area K7R
- Population
- 15,480
- Private dwellings
- 6,845
- Median age
- 50.4
- Average household size
- 2.3
- Median household income
- $77,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Greater Napanee · last 12 months
- Median sold price
- $500,000
- Homes sold
- 215
- Median days on market
- 39
- Sale-to-list price
- 95.1%
Based on 215 recorded sales of commercial properties in Greater Napanee over the last 12 months.
Listed by
CUSHMAN & WAKEFIELD
Location
Commercial figures
- Building area
- 6,336 sq ft
- Price per sq ft
- $0.00
- Annual property tax
- $11,802
- Tax per sq ft
- $1.86
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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