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Royal LePage
Royal LePage
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$530,000

Quinte West (Trenton Ward) ON, K8V 4R4

MLS® # X12374170

Property Information:

Attention Investors! This is a remarkable opportunity to acquire a high-performing, income-generating fourplex in the heart of Trenton. Purpose-built for rental income, this fully occupied property features four 1-bedroom, 1-bathroom units two on the main level and two on the lower level each with its own main and secondary/emergency entrance. Every unit also enjoys a private patio space and access to a large, shared fenced yard. With utilities such as hydro and water/sewer metered separately (and gas expenses currently covered by the landlord), this property produces over $48,000 in gross annual rental income and boasts an impressive cap rate of over 6.5%. The tenant profile is strong, with several long-term residents who maintain their units with care. Unit 1 rents for $650/month plus utilities, with a tenant who has lived there for approximately 14 years. Unit 2, rented for $1,350/month plus utilities, has been occupied since July 2023 and remains in excellent condition. Unit 3, also at $650/month plus utilities, has a reliable tenant of 7 years. Unit 4, renovated in 2022 with new vinyl flooring, an upgraded kitchen, and a modern bathroom, is leased at $1,350/month plus utilities, with the current tenant having moved in as of January 1, 2025. All tenants are on month-to-month leases, offering the new owner maximum flexibility. This well-maintained and strategically designed fourplex presents a balanced and dependable investment opportunity, reducing vacancy risks while maximizing income potential. An income statement is available upon request. Visit my website for further details don't miss your chance to secure this outstanding property! (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Architectural Style: Bungalow
  • Basement Development: Finished
  • Basement Type: N/A, N/A
  • Exterior Finish: Stucco
  • Fire Protection: Smoke Detectors
  • Floor Space: 2000 - 2500 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 2+2
  • Bathrooms: 4
  • Amenities Nearby: Golf Nearby, Marina
  • Community Features: Community Centre, School Bus
  • Features: Level
  • Fence Type: Fenced yard
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Landscape Features: Landscaped
  • Lot Depth: 118.8 Feet
  • Lot Frontage: 37.1 Feet
  • Lot Size: 37.1 x 118.8 FT
  • Utility Type: Hydro - Installed, Sewer - Installed, Cable - Available
  • Zoning: R3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 527 FRONT STREET, Quinte West (Trenton Ward), Ontario, K8V 4R4

Demographic Information of 527 FRONT STREET, Quinte West (Trenton Ward), Ontario, K8V 4R4

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$90,539.01

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.22 %

High school certificate or equivalent

37.99 %

Apprenticeship trade certificate/diploma

7.35 %

College/non-university certificate

25.87 %

University Degree

6.58 %

Commuter

Travel To Work

By Car

94.9 %

By Public Transit

0.97 %

By Walking

1.87 %

By Bicycle

0.0 %

By Other Methods

2.26 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

15.8 %

Houses

84.2 %

Own Vs. Rent

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