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Royal LePage
Royal LePage
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$725,000

Quinte West (Trenton Ward) ON, K8V 2R3

MLS® # X12571202

Property Information:

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. 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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 3678 sqft
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Highway, Recreation
  • Floor Space (approx): 3678 Square Feet
  • Irregular: Yes
  • Lot Depth: 102.6 Feet
  • Lot Frontage: 105.8 Feet
  • Lot Size: Bldg=105.83 x 102.63 FT
  • Zoning: R5
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 12

Courtesy of: RE/MAX JAZZ INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 37-43 LEONARD AVENUE, Quinte West (Trenton Ward), Ontario, K8V 2R3

Demographic Information of 37-43 LEONARD AVENUE, Quinte West (Trenton Ward), Ontario, K8V 2R3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$87,636.76

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.76 %

High school certificate or equivalent

44.32 %

Apprenticeship trade certificate/diploma

5.99 %

College/non-university certificate

19.54 %

University certificate (below bachelor)

0.03 %

University Degree

6.36 %

Commuter

Travel To Work

By Car

87.09 %

By Public Transit

0.0 %

By Walking

8.55 %

By Bicycle

0.0 %

By Other Methods

4.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

27.36 %

Houses

72.64 %

Own Vs. Rent

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