9 Bedrooms

7 Bathrooms

5,000 - 100,000 sqft Interior

8 Parking spaces

83 X 134.9 Ft, Under 1/2 Acre Lot size

14 days ago Listed

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About this home

Unique seven (7) unit multiplex located within walking distance of downtown Napanee amenities. This income-producing property is attached but separately deeded, with all information provided in this listing representing the combined details of both parcels. 49 Bridge St W consists of 3 units, while 51 Bridge St W consists of 4 units. Six units are currently tenant-occupied with long-standing tenants. Rental amounts reflect the most recent rental increases, and there are no separate meters; all rents are inclusive. Based on full occupancy, the property generates approximately $105,744 in gross annual income, with an estimated net operating income of $58,729/year and an approximate 7.73% cap rate based on the $760,000 asking price. The property features hot water boiler heating (2012), metal roofing on one portion (2018), a new asphalt shingle roof (2026), and vinyl siding (2021). R4 zoning; permitted uses and zoning information are available upon request. 48 hours' notice required for all showings. Income and expense sheet and a recent building inspection are available upon request. (id:28469)

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Facts & features

Property

MLS® Number: X13807912
Property Type: Multi-family
Community Name: 58 - Greater Napanee
Amenities Near By: Golf Nearby, Hospital, Park, Place Of Worship, Schools
Community Features: Community Centre
Parking Space Total: 8

Building

Bathroom Total: 7
Bedrooms Above Ground: 9
Bedrooms Total: 9
Age: 100+ Years
Appliances: Water Heater, Stove, Refrigerator
Basement Development: Unfinished
Basement Type: Full (unfinished)
Cooling Type: None
Exterior Finish: Brick, Vinyl Siding
Foundation Type: Slab, Stone
Heating Fuel: Natural Gas
Stories Total: 2
Size Interior: 5,000 - 100,000 Sqft
Type: Other
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Land Amenities: Golf Nearby, Hospital, Park, Place Of Worship, Schools
Sewer: Sanitary Sewer
Size Depth: 134 Ft ,10 In
Size Frontage: 83 Ft
Size Irregular: 83 X 134.9 Ft
Size Total Text: 83 X 134.9 Ft|under 1/2 Acre
Zoning Description: R4

Utilities

Cable: Available
Electricity: Installed
Sewer: Installed

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $3,365/mo
Ontario land transfer tax: $11,675 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Greater Napanee market

157 Active listings

$569,900 Median asking price

33% above median This home

41 days Avg. time on market

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Location

49/51 Bridge Street W, Greater Napanee, Ontario K7R 2C4 · Get directions

49/51 Bridge Street W