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Quinte West,ON K8V 4R4
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Trenton Ward
MLS Listing ID X12153223
Style Bungalow
Bedrooms 4
Building Age 31-50
Annual Tax Amount $3,454
Tax Year 2024
Property Sub-Type Fourplex
Lot Depth 118.83
Lot Front 37.11
Appx SqFt 2000-2500
Property Description
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 unitstwo on the main level and two on the lower leveleach 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 detailsdont miss your chance to secure this outstanding property!
Location
Province ON
County Hastings
Community Trenton Ward
Area Hastings
Zoning R3
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
Exterior
Exterior Feature Landscaped
Parking Features Private
Pool None
View Clear
Roof Type Asphalt Shingle
Lot Frontage 37.11
Lot Depth 118.83
Total Parking Spaces 4
Building
Foundation Block
Others
Senior Community No
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No