49/51 BRIDGE STREET W, Greater Napanee (Greater Napanee)
$760,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 9 bedrooms, 7 bathrooms
- Living area
- 100,000 sqft
- MLS®
- MLS® X13807912
- Neighbourhood
- 58 - Greater Napanee
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.
Sold data
Homes in Greater Napanee (Greater Napanee) — recent sold market
Homes in Greater Napanee (Greater Napanee) took a median of 45 days to sell over the last 90 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 69, across 65 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 94 days.
The median sale price was $499,900.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 25% of sellers reduced their price before finding a buyer.
- Median days to sell
- 45
- Median sale price
- $499,900
- Sale-to-list ratio
- 97.0%
- Sold above asking
- 9%
Based on 65 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Currently for sale
Homes for sale near 49/51 BRIDGE STREET W
$4,850,000
Multiplex14185,000–100,000 sqft343 MAIN STREET E, Picton Ward, Prince Edward County
$2,700,000
Multiplex12125,000–100,000 sqft368 WEBER STREET W, Kitchener
$3,200,000
Multiplex23175,000–100,000 sqft822 MARLBOROUGH STREET N, 717 - Cornwall, Cornwall
$2,495,000
Multiplex15+4135,000–100,000 sqft41 ALBERT STREET, Blakeley, Hamilton
$1,550,000
Multiplex13115,000–100,000 sqft154-156 FREELTON ROAD, Freelton, Hamilton
$2,395,000
Multiplex965,000–100,000 sqft161-163 GILMOUR STREET, 4104 - Ottawa Centre/Golden Triangle, Ottawa
$4,900,000
Multiplex20215,000–100,000 sqft162 ALMA STREET, Rockwood, Guelph/Eramosa
$2,498,000
Multiplex1175,000–100,000 sqft145 SYPLES STREET, Burk's Falls, Burk's Falls