49/51 BRIDGE STREET W
Greater Napanee (Greater Napanee), Ontario
MLS® X13807912
$760,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13807912
- Bedrooms
- 9
- Bathrooms
- 7
- Year built
- —
Listing 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.
Property summary
- MLS® number
- X13807912
- Property type
- Multi-family
- Building type
- Other
- Land size
- 83 x 134.9 FT
- Annual property taxes
- $6,803.04
- Parking
- 8 spaces · No Garage
- Days on market
- 7 days
Features & details
- Heating
- Natural gas
- Cooling
- None
- Basement
- Unfinished, Full
- Appliances
- Refrigerator, Stove, Water Heater
- Exterior features
- Brick, Vinyl siding
- Community features
- Community Centre
What would this home cost you?
Based on the $760,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE, PICKERING.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.