527 FRONT STREET Quinte West

527 FRONT STREET, Quinte West, Ontario


  • 4 Beds
  • 4 Baths

Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed. **** EXTRAS **** Total monthly rental income - $3525. Total annual gross rental income - $42,300. Expenses approximately $9000 (see income and expenses document). Cap rate/return approximately 5.5%. Immediate possession available. (id:56241)

  • Listing ID: X9032093
  • Property Type: Single Family

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  • Architectural Style: Bungalow
  • Amenities Nearby: Marina
  • Community Features: Community Centre, School Bus
  • Parking Spaces: 4
  • Transaction: For sale
  • Zoning Description: R3


  • Architectural Style: Bungalow
  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Basement Features: Walk out
  • Bedrooms Main Level: 2
  • Bedrooms Lower Level: 2
  • Exterior Finish: Stucco
  • Fireplace Present: False
  • Foundation: Block
  • Bathrooms (Total): 4
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 1
  • Type: Fourplex
  • Utility Water: Municipal water


  • Amenities: Marina
  • Fence: Fenced yard
  • Sewer: Sanitary sewer
  • Size Frontage: 37 ft
  • Size Irregular: 37.11 x 118.83 FT

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 527 FRONT STREET in Quinte West Ontario, was last modified on July 10th, 2024. Contact us to schedule a viewing or to find other properties for sale in Quinte West.

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