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Listed 13 days ago

118 East Street E

58 - Greater Napanee, Greater Napanee

$434,900

Detached|1 1/2 Storey
3 | 2 | 14
About this home

Unlock exceptional live/work potential with this versatile C-3 General Commercial property, ideal for a home-based business or full commercial use. Commercially zoned with a legal non-conforming residential designation, this unique opportunity offers flexibility and long-term value. Built in the 1880s, the charming all-brick two-storey home blends character with thoughtful updates. Featuring 3 bedrooms and 1.5 baths (a full four-piece upstairs and a convenient two-piece on the main level), the layout is practical and inviting. The formal dining room sits at the front of the home, flowing into a spacious central living room with high ceilings. The kitchen overlooks the backyard and includes a built-in microwave fan, dishwasher, new fridge and stove, and side-by-side main floor laundry. Upstairs offers three comfortable bedrooms, including one accessed via a rear staircase. Recent improvements include upgraded electrical service with new wiring to the oversized garage/workshop/barn, newer central air, plumbing and bathroom updates, new flooring throughout the main level, and a new 6-foot fence along the back and south side. A durable metal roof, stone foundation, welcoming front porch, and move-in ready condition complete the home. At the rear of the expansive lot sits an impressive two-storey outbuilding offering approximately 808.91 sq ft on the main level and 815.60 sq ft in the loft. With two garage doors, generous workspace, and a massive loft area, it's ideal for storage, workshop use, studio space, or business operations. The paved driveway provides abundant parking for clients or personal vehicles. Set on a large lot with excellent visibility, this property is bigger than it appears and full of opportunity - a rare chance to secure a commercially zoned property with outstanding potential.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$3,214
Lot Size66 ft x 165 ft
mls© NumberX13869996
Listed ByROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

Listing History

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,226
Property tax
$268
Heat allowance
$150
Housing costs
$2,644 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $86,980
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,830 / mo
Cash down
$86,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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