ON > Quinte West
Quinte West, ON K8V 4R4,527 Front ST
Quinte West, ON K8V 4R4,527 Front ST
Quinte West, ON K8V 4R4,527 Front ST
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$589,900
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527 Front ST Quinte West, ON K8V 4R4

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Othen Group

+1(647) 296-5605

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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

MLS Listing ID X11958225

Style Bungalow

Bedrooms 2

Building Age 31-50

Annual Tax Amount $3,454

Tax Year 2024

Property Sub-Type Fourplex

Property Description

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!

Location

Province ON

County Hastings

Area Hastings

Rooms

Family Room No

Basement Finished with Walk-Out, Separate Entrance

Kitchen 4

Separate Den/Office 2

Interior

Interior Features Primary Bedroom - Main Floor, Water Heater

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Landscaped

Parking Features Private

Pool None

View Clear

Roof Type Asphalt Shingle

Topography Level

Lot Frontage 37.11

Lot Depth 118.83

Total Parking Spaces 4

Building

Unit Features Fenced Yard,Golf,Marina,Rec./Commun.Centre,School Bus Route

Foundation Block

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by ROYAL LEPAGE PROALLIANCE REALTY

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527 Front ST