38 Marmora Street, Quinte West | Image 1

38 Marmora Street

Quinte West

  • Commercial

$XXX,XXX
For Sale

Added 4 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: R4

  • Age: 31-50 years

  • Taxes: 3099

  • MLS®#: X8263396

  • Days on Site: 19 Days

  • Added: Apr 04, 2024 (4 weeks ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: Century 21 Synergy Realty Inc.

This listing presents a fully rented five-plex located in the heart of Trenton. The property is well-maintained, boasting a central location that adds to its appeal. Each of the five units is separately metered, allowing tenants to pay their own utilities, which is a desirable feature for both landlords and tenants. The building is equipped with gas heating and a newer boiler, ensuring reliable and efficient heating. Additionally, the plumbing and electrical systems have been updated, providing peace of mind for the new owner. The property includes a full basement with a walk-out, which could be used for storage or other purposes. One of the most notable features of this investment is its impressive capitalization rate (cap rate), indicating a strong return on investment. This solidly built and well-managed five-plex presents a valuable opportunity for investors seeking a profitable and stable property in Trenton.

Extras

**Interboard Listing: Ottawa Real Estate Board**

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 31-50

  • Net Income: 50381

  • Area: Quinte West

  • Availability Date: TBD

  • Assessment Amount: $413,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Radiant

  • Elevator: None

  • UFFI: No

  • Energy Certificate: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 6

Fees

  • Tax Year: 2024

  • Tax Legal Description: Pt Lt 36 Pl 229 Murray As In QR316224; Quinte West

  • Taxes: $3,099

  • Expenses: Est

  • Insurance Fee: 5400

  • Operating Fees: 20649

  • Hydro Expense: 3000

  • Heat Expenses: 8000

  • Taxes Type: Annual

  • Tax Year: 2023

  • Water Fees: 1150

Land

  • Cross Street: Dundas

  • Municipality District: Quinte West

  • Parcel Number: 404000026

  • Sewer: None

  • Lot Depth: 125 Feet

  • Lot Frontage: 52 Feet

  • Zoning: R4

Commercial Specific

  • Rail: N

  • Total Area: 6598

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Building

  • Survey: N

  • Soil Test: N

  • Financial Statement: N

  • Gross Income/Sales: 71004

  • LLBO: N

Map of 38 Marmora Street, Quinte West
JK-8

Trent River Public School

Elementary: Public
0.40 km
7-8

École élémentaire publique Marc-Garneau

Elementary: Public
1.60 km
JK-8

V P Carswell Public School

Elementary: Public
1.78 km
JK-8

St Peter Catholic School

Elementary: Catholic
0.82 km
JK-8

Prince Charles Public School

Elementary: Public
1.63 km
JK-8

St Mary Catholic School

Elementary: Catholic
0.64 km
9-12

Sir James Whitney School for the Deaf

Secondary: Provincial
14.32 km
9-12

École secondaire publique Marc-Garneau

Secondary: Public
1.71 km
9-12

St Paul Catholic Secondary School

Secondary: Catholic
2.40 km
9-12

Trenton High School

Secondary: Public
1.79 km
9-12

Bayside Secondary School

Secondary: Public
7.94 km
9-12

East Northumberland Secondary School

Secondary: Public
14.37 km
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$689,900
  • 2 bath
  • 0 bed

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$550,000
  • 1 bath
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