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2 Beds 4 Bath 2000-2500 sqft

527 Front St

Quinte West K8V 4R4 Ontario

MLS: X11958225

$589,900

Added 18 days ago | For Sale

Listed by: ROYAL LEPAGE PROALLIANCE REALTY

About Property

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!

Features

  • House Style:Fourplex
  • Bathrooms:4
  • Land Size:
  • Water:Municipal
  • Garage Spaces:0 /None
  • Driveway:Private
  • Heating Fuel:Gas
  • Cross Street:Nicholas Street and Front Stre
  • Basement:Fin W/O , Sep Entrance
  • Possession Date:Flexible
  • Annual Property taxes: $3454.97
  • Bedrooms:2 +2
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:Stucco/Plaster
  • Fronting On:E
  • Front Footage:37.11
  • Listing ID:X11958225

Rooms Dimensions Description

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Average Sale Prices per Month in Quinte West
This graph illustrates the average sale prices per month in Quinte West, providing an in-depth analysis of the real estate market trends and fluctuations
2 Bedrooms Fourplex House Quinte West
Monthly Sales Trends in Quinte West
This graph showcases the monthly sales trends in Quinte West, offering valuable insights for both buyers and sellers in the real estate market.
2 Bedrooms Fourplex House Quinte West
Avg Price for 2 Bedroom Fourplex house in Quinte West
Discover the last 3 months average sold price city of Quinte West neighbourhoods.
Community Average Price Difference Avg Days On Market
Nearby Schools
Explore a list of nearby schools in Quinte West
School Name Distance
North Trenton Public School 0.23km
Trenton High School 1.41km
Trenton High School Elementary School 1.45km
Trent River Public School 1.53km
St Peter Catholic School 1.60km
St Paul Catholic Elementary School 1.72km
St Paul Catholic Secondary School 1.76km
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