Quinte West, ON K8V4R4,527 FRONT STREET
Quinte West, ON K8V4R4,527 FRONT STREET
Quinte West, ON K8V4R4,527 FRONT STREET
Quinte West, ON K8V4R4,527 FRONT STREET
Quinte West, ON K8V4R4,527 FRONT STREET
Quinte West, ON K8V4R4,527 FRONT STREET
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$ 589,900
Est. payment | /mo

4 Beds

4 Baths

1,999 SqFt


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$ 589,900
Est. payment | /mo
Save

4 Beds

4 Baths

1,999 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,999 sqft

Price per Sqft $295

MLS® Listing ID X11958225

Style Bungalow

Bedrooms 4

Originating Board Central Lakes Association of REALTORS®

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! (id:24570)

Location

State ON

Interior

Heating Forced air

Exterior

Parking Features No

Fence Fenced yard

Community Features Community Centre, School Bus

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Lot Description Landscaped

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

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Listed by ROYAL LEPAGE PROALLIANCE REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 978-7332

harmanpowarcentury21@gmail.com

3009 23 St NE, Calgary, AB, CAN

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527 FRONT STREET