259 John Street, Greater Napanee, ON
Property no longer active
This property was sold on October 14, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 1 Storey/Apt multiplex located in the coveted neighborhood of 58 - Greater Napanee. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $797,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 106 x 100 ft lot
- Features a unfinished, partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: ERV/HRV, Separate Hydro Meter, Storage
- equipped with other central cooling and highly efficient other heating via gas
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.
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Property Summary
This multiplex located at 259 John Street, Greater Napanee is currently for sale and has been available on SousaSells for 316 days. This property is listed at $797,000 with an estimated mortgage of $2,653* per month. It has 7 beds, 5 bathrooms, and is 3500-5000 square feet. 259 John Street, Greater Napanee is in the 58 - Greater Napanee neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Public Transit, School, Park, Library, Hospital, Rec./Commun.Centre
Interior Features
ERV/HRV, Separate Hydro Meter, Storage, Sump Pump, Water Heater Owned, Wheelchair Access
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 259 John Street, Greater Napanee, ON K7R 1S2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Greater Napanee, ON
For a property listed at $797,000 in Greater Napanee, the legal minimum down payment is $54,700 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,415 for this transaction. As this listing is in Greater Napanee (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,415.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.