49/51 Bridge Street W

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.

Details

Type

Multiplex

Style

2-Storey

Age

100+ years

Size

5000 + sq ft

Lot

82.95 × 134.9 ft

Basement

Full, Unfinished

Garage

None

Kitchens

7

Property tax

$6,803 (2026)

Neighbourhood

58 - Greater Napanee

Municipality

Greater Napanee

Interior

Bedrooms

9 above ground

Bathrooms

7 × 4-piece

Rooms

23 above ground

Family room or den

No

Fireplace

No

Features

Water Heater Owned

Heating, cooling and services

Heating

Water, Gas

Water and sewer

Sewer

Building and exterior

Style

2-Storey

Exterior

Brick, Vinyl Siding

Roof

Metal, Shingles

Foundation

Slab, Stone

Age

100+

Faces

North

Parking

Total parking

8

Driveway and parking

Private

Lot

Size

82.95 × 134.9 ft

Acreage

< .50

More

Possession

60-90 Days

Nearby

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

Cross street

Centre st W on Bridge