REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Sep

Wed

Sep

Thu

Sep

Claudia Chopik

claudia@everyavenue.ca +1(647) 427-4999

$ 797,000

Est. payment -/mo

Save

New

259 John ST Greater Napanee, ON K7R 1S2

7 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 58 - Greater Napanee

MLS Listing ID X12389434

Style 1 Storey/Apt

Bedrooms 7

Building Age 51-99

Annual Tax Amount $6,268

Tax Year 2025

Property Sub-Type Multiplex

Property Description

Five (5) Unit all-concrete purpose-designed apartment building for sale in Napanee steps to Downtown. Located in a quiet residential neighbourhood a short walk to the Napanee River, Springside Park & connecting trails, the property offers an attractive suite mix of 3x1-Bedroom & 2x2-Bedroom units. The 2008 full interior reconstruction created modern, code-compliant suites, w/ major building systems replaced. New roof covering 2018. All units are above grade w/ large windows, high ceilings & showcase solid craftsmanship. Units 1 & 2 are 1-Bedroom suites w/ living area, kitchen, large bedroom & 4-pc bath. Unit 3 is an oversized 1-Bedroom w/ open-plan kitchen/dining/living & private covered porch. Unit 4 is a 2-Bedroom featuring a large living room & U-shaped kitchen w/ abundant natural light. Unit 5 is an oversized 2-Bedroom w/ engineered hardwood, 9 ft ceilings, open kitchen/living/dining & ample storage. Units 4 & 5 offer accessibility features such as wide halls, doors, etc. Building systems include electric baseboard heating for Units 13, a dedicated gas furnace for Unit 4, & an in-floor hydronic boiler system w/ central A/C for Unit 5. Three electrical meters & 2 gas meters service the building with potential for more. On-site features include parking for 8 vehicles, coin-operated laundry & a private rear yard. The property represents a rare value-add investment due to current below-market rent structures & operational upside opportunity, offering significant upside in projected yearly NOI. The all-concrete substructure & superstructure provide long-term durability & a solid base for potential vertical expansion, subject to approvals. Within walking distance of downtown services, hospital, schools, library & riverfront parks, and minutes to VIA Rail & Highway 401, this is a durable multifamily investment with strong fundamentals & upside.

Location

Province ON

County Lennox & Addington

Community 58 - Greater Napanee

Area Lennox & Addington

Zoning R5-9

Rooms

Family Room No

Basement Unfinished, Partial Basement

Kitchen 5

Interior

Interior Features ERV/HRV, Separate Hydro Meter, Storage, Sump Pump, Water Heater Owned, Wheelchair Access

Cooling Other

Inclusions 5 Fridge, 5 Stove, 1 Dryer & 1 Washer (Coin-Operated).

Exterior

Exterior Feature Year Round Living, Lighting, Landscaped, Porch Enclosed, Privacy

Parking Features Private, Front Yard Parking, Unreserved

Pool None

Roof Type Flat,Membrane

Lot Frontage 106.0

Lot Depth 100.0

Total Parking Spaces 8

Building

Foundation Concrete Block

Others

Senior Community No

Listed by HomeLife Power Realty Inc

Claudia Chopik

Agent | License ID: 4724882

+1(647) 427-4999

Claudia Chopik

259 John ST Greater Napanee, ON K7R 1S2

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

259 John ST