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$725,000
Available - For Sale
Listing ID: X12571210
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 its 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. An 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 expenses. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential.
Price $725,000
Taxes: $4,599
Assessment Year: 2025
Occupancy by: Tenant
Address: 37-43 Leonard Avenue , Quinte West, K8V 2R3, Hastings
Acreage: < .50
Directions/Cross Streets: Creelman and Leonard Avenue.
Rooms: 14
Rooms +: 14
Bedrooms: 6
Bedrooms +: 6
Washrooms: 4
Family Room: F
Basement: Apartment
Walk-Out
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 9.74 15.91
Room 2: Main Dining Ro 8.13 11.41
Room 3: Main Kitchen 6.66 10.99
Room 4: Main Utility R 6.72 4.99
Room 5: Main Bathroom 6.82 4.82
Room 6: Main Primary B 10.99 9.68
Room 7: Main Bedroom 2 10.73 8.00
Room 8: Main Bedroom 3 10.33 7.74
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Lower
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Lower
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  4 Lower
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Main
Washroom 17:  4 Lower
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4 Main
Washroom 22:  4 Lower
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  4 Main
Washroom 27:  4 Lower
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  4 Main
Washroom 32:  4 Lower
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  4 Main
Washroom 37:  4 Lower
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Property Type: Fourplex
Style: 1 Storey/Apt
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private Tr
Drive Parking Spaces: 12
Park #1
Parking Type: Private Tr
Park #2
Parking Type: Private Tr
Pool: None
Other Structures: Garden Shed
Approximatly Age: 51-99
Approximatly Square Footage: 1500-2000
Property Features: Level
Place Of Worship
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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RE/MAX JAZZ INC.

37-43 Leonard Avenue , Quinte West, K8V 2R3, Hastings

Personal Picture
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: 1 Storey/Apt
Lot Size: x 102.63(Feet)
Approximate Age: 51-99
Tax: $4,599
Maintenance Fee: $0
Beds: 6+6
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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