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$530,000
Available - For Sale
Listing ID: X12153223
Attention Investors! This is a remarkable opportunity to acquire a high-performing, income-generating fourplex in the heart of Trenton. Purpose-built for rental income, this fully occupied property features four 1-bedroom, 1-bathroom unitstwo on the main level and two on the lower leveleach with its own main and secondary/emergency entrance. Every unit also enjoys a private patio space and access to a large, shared fenced yard. With utilities such as hydro and water/sewer metered separately (and gas expenses currently covered by the landlord), this property produces over $48,000 in gross annual rental income and boasts an impressive cap rate of over 6.5%. The tenant profile is strong, with several long-term residents who maintain their units with care. Unit 1 rents for $650/month plus utilities, with a tenant who has lived there for approximately 14 years. Unit 2, rented for $1,350/month plus utilities, has been occupied since July 2023 and remains in excellent condition. Unit 3, also at $650/month plus utilities, has a reliable tenant of 7 years. Unit 4, renovated in 2022 with new vinyl flooring, an upgraded kitchen, and a modern bathroom, is leased at $1,350/month plus utilities, with the current tenant having moved in as of January 1, 2025. All tenants are on month-to-month leases, offering the new owner maximum flexibility. This well-maintained and strategically designed fourplex presents a balanced and dependable investment opportunity, reducing vacancy risks while maximizing income potential. An income statement is available upon request. Visit my website for further detailsdont miss your chance to secure this outstanding property!
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $26,500 $53,000 $79,500 $106,000
First Mortgage $503,500 $477,000 $450,500 $424,000
CMHC/GE $13,846.25 $9,540 $7,883.75 $0
Total Financing $517,346.25 $486,540 $458,383.75 $424,000
Monthly P&I $2,215.75 $2,083.81 $1,963.22 $1,815.96
Expenses $0 $0 $0 $0
Total Payment $2,215.75 $2,083.81 $1,963.22 $1,815.96
Income Required $83,090.77 $78,142.99 $73,620.83 $68,098.47

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE PROALLIANCE REALTY

527 Front Stre , Quinte West, K8V 4R4, Hastings

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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
Neighbourhood: Trenton Ward
Style: Bungalow
Lot Size: 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


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

 

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