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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$559,900
Available - For Sale
Listing ID: X12153223
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!
Price $559,900
Taxes: $3,454.97
Assessment Year: 2024
Occupancy by: Tenant
Address: 527 Front Stre , Quinte West, K8V 4R4, Hastings
Acreage: < .50
Directions/Cross Streets: Nicholas Street and Front Street
Rooms: 6
Rooms +: 6
Bedrooms: 2
Bedrooms +: 2
Washrooms: 4
Family Room: F
Basement: Finished wit
Separate Ent
No. of Pieces Level
Washroom 1 4 Main
Washroom 2 4 Lower
Washroom 3 0
Washroom 4 0
Washroom 5 0
Property Type: Fourplex
Style: Bungalow
Exterior: Stucco (Plaster)
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 4
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Other Structures: None
Approximatly Age: 31-50
Approximatly Square Footage: 2000-2500
Property Features: Fenced Yard
Golf
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: Y
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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CMHC/GE $ $ $ $
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ROYAL LEPAGE PROALLIANCE REALTY

527 Front Stre , Quinte West, K8V 4R4, Hastings

Personal Picture
Maria Tompson
Sales Representative
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416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Fourplex
Area: Hastings
Municipality: Quinte West
Neighbourhood: Trenton Ward
Style: Bungalow
Lot Size: x 118.83(Feet)
Approximate Age: 31-50
Tax: $3,454.97
Maintenance Fee: $0
Beds: 2+2
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
Please note that content and information contained in this website is for demonstration purposes only and this website is trial website or test website and it can not be used for marketing purposes.