527 Front Street, Quinte West, ON Image 1

$530,000

$559,900
5.3% dropped

Last price change Jun 19

Fourplex For Sale
MLS - #X12153223
Jun 19- By ROYAL LEPAGE PROALLIANCE REALTY

527 Front Street, Quinte West, ON K8V 4R4

4 Bed
4 Bath
2000-2500 Sqft.
None Garage

Property Description

Property type

Fourplex

Lot size

< .50

Style

Bungalow

Approx. Area

2000-2500 Sqft

About 527 Front Street

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!

Home Overview

Last updated

Jun 19

Virtual tour

None

Basement information

Finished with Walk-Out, Separate Entrance

Building size

--

Status

In-Active

Property sub type

Fourplex

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:Finished with Walk-Out, Separate Entrance
Cooling:None
Heating:Forced Air
Parking Features:Private
0
Similar Homes Found
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Average Price
53000000.0%
Higher than average

Price Comparison

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Walk Score for 527 Front Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Some information about this property - Front Street

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