527 Front Street, Quinte West | Image 1

527 Front Street

Quinte West

  • 2 bed 4 bath 2000 sqft
$589,900 est.*: $1,998/mo
For Sale

Added 2 weeks ago

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  • Type: Fourplex

  • Style: Bungalow

  • Size: 2000 sqft

  • Lot Size: 37.11 x 118.83 Feet

  • Age: 31-50 years

  • Taxes: $3,455 per year

  • Days on Site: 2 Days

  • Added: Nov 03, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 1 hour ago

  • MLS®#: X10408156

  • Listed By: Royal lepage proalliance realty

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.

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Property

  • Status: Sale

  • Property Type: Fourplex

  • Style: Bungalow

  • Size (sq ft): 2000

  • Age: 31-50

  • Area: Quinte West

  • Availability Date: FLEXIBLE

  • Assessment Amount: $216,000

  • Assessment Year: 2024

Inside

  • Bedrooms: 2

  • Bedrooms Plus: 2

  • Bathrooms: 4

  • Kitchens: 2

  • Kitchens Plus: 2

  • Rooms: 6

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 4

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Telephone: Available

Building

  • Basement: Finished

  • Basement 2: Full

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Stucco/Plaster

  • Elevator: N

  • Green Verification Status: N

  • Water Supply: Municipal

  • Special Designation: Unknown

  • Retirement: N

Parking

  • Driveway: Private

  • Garage Type: None

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LTC, RESERVE LT E, 46 NE/S WELLINGTON ST PL 230 MURRAY AS IN

  • Taxes: $3,455

Highlights

  • Feature: Fenced Yard

  • Feature: Golf

  • Feature: Marina

  • Feature: Rec Centre

  • Feature: School Bus Route

Land

  • Cross Street: Nicholas St & Front

  • Municipality District: Quinte West

  • Fronting On: East

  • Parcel Number: 403740158

  • Parcel of Tied Land: N

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 118.83 Feet

  • Lot Frontage: 37.11 Feet

  • Acres: < .50

  • Zoning: R3

  • Waterfront: None

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Car-Dependent

  • Most errands require a car.
45 /100

Somewhat Bikeable

  • Most errands require a car.
42 /100
JK-8

Trent River Public School

Elementary: Public
1.53 km
JK-6

North Trenton Public School

Elementary: Public
0.23 km
7-8

St Paul Catholic Elementary School

Elementary: Catholic
1.72 km
JK-8

V P Carswell Public School

Elementary: Public
2.09 km
JK-8

St Peter Catholic School

Elementary: Catholic
1.60 km
JK-8

Prince Charles Public School

Elementary: Public
2.18 km
9-12

Sir James Whitney School for the Deaf

Secondary: Provincial
15.76 km
9-12

École secondaire publique Marc-Garneau

Secondary: Public
3.17 km
9-12

St Paul Catholic Secondary School

Secondary: Catholic
1.77 km
9-12

Trenton High School

Secondary: Public
1.41 km
9-12

Bayside Secondary School

Secondary: Public
9.45 km
9-12

East Northumberland Secondary School

Secondary: Public
13.15 km
  • Fraser Park

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  • Fraser Park Christmas Village

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  • Kinsmen Dog Park

    Dufferin St, Quinte West ON 1.92km
  • HSBC ATM

    17538A Hwy 2, Trenton ON K8V 0A7 1.64km
  • RBC Royal Bank

    112 Dundas St W, Trenton ON K8V 3P3 1.66km
  • Canadian Imperial Bank

    86 Dundas St W, Trenton ON K8V 3P3 1.67km
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