37-43 Leonard Avenue,Quinte West (Trenton Ward), ON K8V2R3
Quinte West (Trenton Ward), ON K8V2R3
Description
Excellent investment opportunity! Rarely offered purpose-built four-plex, each unit offering 3 bedrooms, 1 bath, in suite laundry hookups, and its own dedicated outdoor storage shed. Situated on a large corner lot, the building is designed for low-maintenance ownership with no interior common areas to maintain. Each unit also features it's own paved driveway with parking for up to 3 vehicles. Current gross annual rents are $58,860, and the property is already cash-flow positive, with substantial upside as units turn over. Tenants pay all utilities, except one unit where water is included. Unit 39 has been renovated and is leased for $2,000/month plus utilities, demonstrating the true rental potential available for the building. With minimal upgrades to the remaining units as they turn over, the property's total rent potential could reach approximately $96,000 annually. As especially rare offering- this property delivers substantial cash flow. Ideal for investors or owner-occupiers alike, where income from the three rented units can significantly offset housing costs, creating the possibility of living here with minimal to no monthly out-of-pocket expense. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential. (id:13843)
Details
| MLS # | X13851084 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 22 |
| Listing Provided By | RE/MAX Jazz INC. | Gus Burneau |
Features
| SQ Feet | 3,678 |
|---|---|
| Zoning | R5 |
Interior
| Cooling | None |
|---|---|
| Heating | Hot water radiator heat, Natural gas |
| Appliances | Water Heater |
| Fireplace Yes / No | No |
Parking
| Parking Total | 12 |
|---|
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4599 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Quinte West (Trenton Ward) |
| Postal Code | K8V2R3 |
| Listing VS Median (in K8V2R3) | |
Price: $690,000 low | high Med: $690,000 sqft: 3,678 low | high Med: 2,589 $ / sqft: $188 low | high Med: $324 On site: 22 low | high Med: 22 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Quinte West (Trenton Ward) |
| Postal Code | K8V2R3 |
| Listing VS Median (in K8V2R3) | |
Price: $690,000 low | high Med: $690,000 sqft: 3,678 low | high Med: 2,589 $ / sqft: $188 low | high Med: $324 On site: 22 low | high Med: 22 | |