Homes for sale - 527 Front ST, 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

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

State ON

County Hastings

Community Trenton Ward

Area Hastings

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

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Landscaped

Parking Features Private

Pool None

View Clear

Roof Type Asphalt Shingle

Topography Level

Lot Frontage 37.11

Lot Depth 118.83

Total Parking Spaces 4

Building

Unit Features Fenced Yard,Golf,Marina,Rec./Commun.Centre,School Bus Route

Foundation Block

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No