2 Briggs Street, Greater Napanee

$479,900
2 Briggs Street

$479,900

New
4d
Detached2-Storey

2 Briggs Street, Greater Napanee

Total Monthly Obligation $2,532

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
4d
Score
26
Yield
6.5%
Cash on Cash
4.1%
Cap Rate
5.5%
5Y IRR
18.8%
10Y IRR
17.3%
Property Type-Detached
MLS® Number-X14095226
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-59.4 × 146.72 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,657.02 (2026)
Parking-3 - None
Basement-Partial Basement
Heating-Forced Air (Gas)
Brokerage-MCCAFFREY REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-TBD
Neighbourhood-Greater Napanee
Title-Residential Freehold

No agent assigned

Welcome to 2 Briggs Street in Greater Napanee, where classic red brick charm meets practical updates and inviting outdoor space. This two-storey, three-bedroom home offers a comfortable layout with room to gather, unwind and make it your own. A welcoming foyer leads to a generous living room with plenty of space for relaxing and entertaining. The adjoining dining area connects to the kitchen, keeping meal preparation and conversation together. A spacious mudroom provides a convenient landing zone for coats, boots and everyday essentials, while a main-floor powder room and attached driveshed for storage add functionality. Upstairs, three bedrooms include a spacious primary, complemented by a four-piece bathroom. A dedicated second-floor laundry room keeps chores close to the bedrooms, making daily routines that much easier. Step outside to the freshly stained deck with pergola, an inviting setting for morning coffee, summer dinners and relaxed evenings. The large backyard features mature trees and bushes, with room to garden, play or simply enjoy the outdoors. A garden shed offers handy storage for tools, while the attached drive shed provides additional sheltered space. Important updates include new eavestroughs in 2023, a recently upgraded 200-amp electrical service, air conditioning installed in 2020 and a gas hot water tank installed in 2025. The basement has also been spray-foam insulated. Discover the appeal of Greater Napanee, with its historic downtown, independent shops, local restaurants and scenic Napanee River. Enjoy waterfront trails, parks, seasonal markets and community events, plus a golf course only about a minute away. The surrounding region offers opportunities for fishing, boating and countryside drives, while the Bay of Quinte and Prince Edward County invite memorable day trips. Highway 401 connects the area with Kingston and Belleville for additional shopping, entertainment and employment options.

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%
%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$383,920
Land Transfer Taxes$6,073
Legal Fees (Est.)
$
Total cash required for closing$103,553

Total Monthly Obligation

$2,532/mo
Mortgage $1,936
Monthly Loss $2,023
Principal$509
Interest$1,426
Property Tax$221
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.1%5
5-Year IRR
14.0%65
10-Year IRR
13.8%
Returns Index
33.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,320/yr
NOI
$21,031/yr
Net Cash Flow
-$183/mo
Cash Margin
-7.0%1
Cash Flow Index
1.2/ 100
Risk Profile
Weight: 20%
DSCR
0.9120
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
34.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2 Briggs Street

Time

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