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Royal LePage
Royal LePage
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$349,900

Quinte West (Trenton Ward) ON, K8V 2M7

MLS® # X12464951

Property Information:

Why settle for a duplex when you can invest in a triplex? This affordable income-generating property in the heart of town represents a smart move for any investor. Fully tenanted with long-term, reliable renters, this well-maintained triplex brings in a solid gross annual income of $25,380 & offers a mix of units to appeal to a variety of renters from a cozy bachelor suite to a spacious three-bedroom. Set on a generous corner lot, the property boasts multiple driveways, a detached double garage with private access, & separate entrances for added convenience. The exterior is finished in a combination of stucco & vinyl siding, with a shared deck on the north side providing access to two of the units. Unit 1 is a three-bedroom, one-bath upper-level unit, rented at $630/month plus utilities. The tenant has called this home for about five years & enjoys gas heating, two parking spaces, in-unit laundry (tenant-owned appliances), & exclusive use of the detached garage. Unit 2 is a two-bedroom, one-bath main-level unit rented at $850/month plus gas. With two private entrances & laundry located in the foyer, this unit has been home to the same tenant for approx. 9 years. It also includes gas heating & two dedicated parking spaces. Unit 3, located on the lower level, is a tidy bachelor apartment featuring an open-concept layout with kitchen, living, & sleeping areas. It's rented at $635/month all-inclusive, heated with electric baseboard, & includes appliances provided by the landlord. The unit has a private driveway & two parking spots, & the tenant has been in place for six years. The property features separate metering for hydro & water (one unit fully separate, two share a meter), & individual hot water tanks for each unit. Best of all, tenants handle their own lawn care & snow removal, making this a low-maintenance addition to your real estate portfolio. Detailed income & expense information is available don't miss out on this turn-key investment opportunity! (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Amenities: Separate Heating Controls, Separate Hydro Meters
  • Basement Type: N/A, N/A
  • Exterior Finish: Vinyl siding, Stucco
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Stone
  • Heating Type: Other
  • Cooling Type: None
  • Appliances: Water meter

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5+1
  • Bathrooms: 3
  • Amenities Nearby: Hospital, Park, Public Transit, Schools
  • Community Features: Community Centre
  • Features: Level lot, Irregular lot size, Level
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 100.6 Feet
  • Lot Frontage: 31.5 Feet
  • Lot Size: 31.5 x 100.6 FT ; Back corner cut off 125.01 long side
  • Structure Type: Deck
  • Utility Type: Hydro - Installed, Cable - Available, Sewer - Installed
  • Zoning: R3
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 8

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 166 WEST STREET, Quinte West (Trenton Ward), Ontario, K8V 2M7

Demographic Information of 166 WEST STREET, Quinte West (Trenton Ward), Ontario, K8V 2M7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$80,775.87

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.09 %

High school certificate or equivalent

42.76 %

Apprenticeship trade certificate/diploma

7.48 %

College/non-university certificate

23.16 %

University certificate (below bachelor)

0.89 %

University Degree

3.61 %

Commuter

Travel To Work

By Car

96.59 %

By Public Transit

0.0 %

By Walking

2.06 %

By Bicycle

0.0 %

By Other Methods

1.35 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

16.1 %

Houses

83.9 %

Own Vs. Rent

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