RE/MAX Finest Realty

527 Front Street Quinte West, Ontario K8V 4R4

4 Bedroom 4 Bathroom 2,000 - 2,500 ft2
Bungalow Forced Air Landscaped

$589,900

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! (id:41986)

Property Details

MLS® Number X11958225
Property Type Single Family
Amenities Near By Marina
Community Features Community Centre, School Bus
Equipment Type Water Heater - Gas
Features Level
Parking Space Total 4
Rental Equipment Type Water Heater - Gas

Building

Bathroom Total 4
Bedrooms Above Ground 2
Bedrooms Below Ground 2
Bedrooms Total 4
Appliances Water Heater
Architectural Style Bungalow
Basement Development Finished
Basement Features Separate Entrance, Walk Out
Basement Type N/a (finished)
Exterior Finish Stucco
Fire Protection Smoke Detectors
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 2,000 - 2,500 Ft2
Type Fourplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Fence Type Fenced Yard
Land Amenities Marina
Landscape Features Landscaped
Sewer Sanitary Sewer
Size Depth 118 Ft ,9 In
Size Frontage 37 Ft ,1 In
Size Irregular 37.1 X 118.8 Ft
Size Total Text 37.1 X 118.8 Ft|under 1/2 Acre
Zoning Description R3

Utilities

Cable Available
Sewer Installed

https://www.realtor.ca/real-estate/27882036/527-front-street-quinte-west

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