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$589,900
Available - For Sale
Listing ID: X11958225
ATTENTION INVESTORS! Here is an exceptional opportunity for those seeking a lucrative investment with some long-term tenants & 4 units generating consistent rental income. This purpose-built fourplex, located in the heart of Trenton, is the ideal choice for savvy real estate investors. While duplexes and triplexes have their merits, a fourplex strikes the perfect balance, significantly reducing vacancy losses and maximizing income potential. This fully occupied property boasts responsible tenants who take excellent care of their homes, generating over $48,000 in gross rental income annually. Utilities such as hydro and water/sewer are metered separately, with the landlord covering gas expenses. The property offers an impressive cap rate of over 6.5%. The 4 units consist of 2 on the main level & 2 on the lower level, with each unit featuring 1 bedroom & 1 bathroom, as well as main entrances & secondary/emergency exits. Each unit also includes private patio areas, complemented by a large, shared fenced yard. UNIT 1: $650/month + hydro & water/sewer. Tenant has resided here for approx. 14 years & maintains the unit in excellent condition. UNIT 2: $1,350/month + hydro & water/sewer. Tenant has occupied this unit since July 2023, & it is also in great shape. UNIT 3: $650/month + hydro & water/sewer. This tenant has been here for 7 years, and the unit is well-maintained. UNIT 4: Recently renovated in 2022, featuring new vinyl flooring, an updated kitchen, & a new bathroom. Tenant pays $1,350/month + hydro & water/sewer & has been there since January 1, 2025. All tenants are on month-to-month leases, providing flexibility for the new owner. This income-producing property with excellent tenants is a fantastic addition to your real estate investment portfolio. An income statement is available upon request. Don't miss out on this opportunity to visit my website for more information about this listing!
Price $589,900
Taxes: $3,454.97
Assessment: $216000
Assessment Year: 2024
Address: 527 Front St , Quinte West, K8V 4R4, Ontario
Lot Size: 37.11 x 118.83 (Feet)
Acreage: < .50
Directions/Cross Streets: Nicholas Street and Front Street
Rooms: 6
Rooms +: 6
Bedrooms: 2
Bedrooms +: 2
Washrooms: 4
Kitchens: 2
Kitchens +: 2
Family Room: N
Basement: Fin W/O
Sep Entrance
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Lower
Property Type: Fourplex
Style: Bungalow
Exterior: Stucco/Plaster
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 4
Pool: None
Approximatly Age: 31-50
Approximatly Square Footage: 2000-2500
Property Features: Fenced Yard
Golf
Marina
Rec Centre
School Bus Route
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: A
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ROYAL LEPAGE PROALLIANCE REALTY

527 Front St , Quinte West, K8V 4R4, Ontario

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Fourplex
Area: Hastings
Municipality: Quinte West
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Style: Bungalow
Lot Size: 37.11 x 118.83(Feet)
Approximate Age: 31-50
Tax: $3,454.97
Maintenance Fee: $0
Beds: 2+2
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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