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

$725,000

MLS® # X12571210

Investment For Sale In Quinte West (Trenton Ward), Ontario

$725,000

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. 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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Amenities: Separate Hydro Meters
  • Basement Type: N/A, N/A
  • Exterior Finish: Brick
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Block
  • Heating Type: Radiant heat, Not known
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6+6
  • Bathrooms: 4
  • Amenities Nearby: Public Transit, Schools
  • Community Features: Community Centre
  • Features: Level lot, Flat site
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 102.6 Feet
  • Lot Frontage: 105.8 Feet
  • Lot Size: 105.8 x 102.6 FT
  • Structure Type: Patio(s), Shed
  • Zoning: R5
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 12

Rooms:

  • Living Main Level 2.97 m x 4.85 m
  • Dining Main Level 2.48 m x 3.48 m
  • Kitchen Main Level 2.03 m x 3.35 m
  • Utility Main Level 2.05 m x 1.52 m
  • Bathroom Main Level 2.08 m x 1.47 m
  • Primary Bedroom Main Level 3.35 m x 2.95 m
  • 2nd Bedroom Main Level 3.27 m x 2.44 m
  • 3rd Bedroom Main Level 3.15 m x 2.36 m

Courtesy of: RE/MAX JAZZ INC.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Additional Photos