$725,000
FOR SALE

Investment

Lot: 105.83 x 102.63 ft
2025 Taxes: $4,599

37-43 Leonard Ave
Quinte West, ON K8V 2R3 | Trenton Ward | Hastings

Excellent investment opportunity! Rarely offered purpose-built four-plex, each unit offering 3 bedrooms, 1 bath, in suite laundry hookups, and its own dedicated outdoor storage shed. Situated on a large corner lot, the building is designed for low-maintenance ownership with no interior common areas to maintain. Each unit also features its own paved driveway with parking for up to 3 vehicles. Current gross annual rents are $58,860, and the property is already cash-flow positive, with substantial upside as units turn over. Tenants pay all utilities, except one unit where water is included. Unit 39 has been renovated and is leased for $2,000/month plus utilities, demonstrating the true rental potential available for the building. With minimal upgrades to the remaining units as they turn over, the property's total rent potential could reach approximately $96,000 annually. As especially rare offering- this property delivers substantial cash flow. Ideal for investors or owner-occupiers alike, where income from the three rented units can significantly offset housing costs, creating the possibility of living here with minimal to no monthly out-of-pocket expense. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential.
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Listed By RE/MAX Jazz INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12571202
Last Updated May 29, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 2 To 5 Units
PIN 404130070
Legal Description LT 181-182 PL 451 MURRAY; QUINTE WEST; COUNTY PF HASTINGS.
Possession Date Flexible
Taxes (2025) $4,599
Directions/Cross Streets Creelman and Leonard Avenue.
Neighbourhood Trenton Ward
Area Hastings
Price History

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Detailed Information
Freestanding Y
Lot 105.83 x 102.63 ft
Air Conditioning No
Basement Basement
Garage Type None
Parking Spaces 12
Heat Type Gas Hot Water
Sewers Sanitary

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