49/51 Bridge Street W,Greater Napanee, ON K7R 2C4
Greater Napanee, ON K7R 2C4
Description
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. All seven 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 is required for all showings. Income and expense sheet and a recent building inspection are available upon request.
Details
| MLS # | X13807912 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 38 |
| Listing Provided By | RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE | X13807912 072308 |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 7 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.26 |
Interior
| Interior Features | Water Heater Owned |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Metal, Shingles |
|---|---|
| Foundation Details | Slab, Stone |
| Construction Materials | Brick, Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6803.04 |
|---|---|
| Tax Legal Description | PLAN 82 PT LOT 6, 7, 8 RP 29R4018 PARTS 1TO 4 N/S* |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Lennox & Addington |
| City | Greater Napanee |
| Postal Code | K7R 2C4 |
| Area | 58 Greater Napanee |
| Listing VS Median (in K7R 2C4) | |
Price: $760,000 low | high Med: $0 On site: 38 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Lennox & Addington |
| City | Greater Napanee |
| Postal Code | K7R 2C4 |
| Area | 58 Greater Napanee |
| Listing VS Median (in K7R 2C4) | |
Price: $760,000 low | high Med: $0 On site: 38 low | high Med: | |
