ON > Quinte West > Trenton Ward
Quinte West, ON K8V 4R4,527 Front ST
Quinte West, ON K8V 4R4,527 Front ST
Quinte West, ON K8V 4R4,527 Front ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$559,900
Est. payment /mo
4 Beds
4 Baths
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UPDATED:

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

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Listed by ROYAL LEPAGE PROALLIANCE REALTY

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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