49/51 Bridge ST W, Greater Napanee, ON K7R 2C4
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49/51 Bridge ST W, Greater Napanee, ON K7R 2C4
49/51 Bridge ST W, Greater Napanee, ON K7R 2C4
49/51 Bridge ST W, Greater Napanee, ON K7R 2C4
49/51 Bridge ST W, Greater Napanee, ON K7R 2C4
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Samir Kumar

Samir Kumar

+1(416) 727-2647
$ 760,000
Est. payment /mo
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49/51 Bridge ST W Greater Napanee, ON K7R 2C4

9 Beds

7 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 58 - Greater Napanee

MLS Listing ID X13807912

Style 2-Storey

Bedrooms 9

Annual Tax Amount $6,803

Tax Year 2026

Property Sub-Type Multiplex

Property 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. 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.

Location

State ON

County Lennox & Addington

Area Lennox & Addington

Rooms

Family Room No

Basement Full, Unfinished

Kitchen 7

Interior

Interior Features Water Heater Owned

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private

Pool None

Roof Type Metal,Shingles

Lot Frontage 82.95

Lot Depth 134.9

Total Parking Spaces 8

Building

Building Age 100+

Unit Features Golf,Hospital,Park,Place Of Worship,Rec./Commun.Centre,School

Foundation Slab, Stone

Others

ParcelsYN No

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Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
Samir Kumar

Samir Kumar

+1(416) 727-2647

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49/51 Bridge ST W