49/51 Bridge Street WGreater Napanee, Lennox & Addington, ON, K7R 2C4
49/51 Bridge Street WGreater Napanee, Lennox & Addington, ON, K7R 2C4
Property Location
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Listing History
Buy/sell history for 49/51 Bridge Street W, Greater Napanee, ON K7R 2C4
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PrimeAVM™
Current valuation for 49/51 Bridge Street W, Greater Napanee, ON K7R 2C4. Listed for $760,000 on 2026-11-02
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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.
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Property Location
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$760,000
List price