$599,900
FOR SALE

Fourplex Bungalow

Bedrooms: 2+2Bathrooms: 4Lot: 37.11 x 118.83 ft
2023 Taxes: $3,241.71

527 Front St
Quinte West, ON K8V 4R4 | Hastings

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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Listed By ROYAL LEPAGE PROALLIANCE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9032093
Last Updated Jul 10, 2024
Property Summary
Property Type Fourplex

More like this:
PIN 403740158
Legal Description PT LTC, RESERVE LT E, 46 NE/S WELLINGTON ST PL 230 MURRAY AS IN QE410241; QUINTE WEST
Possession Date Flexible
Taxes (2023) $3,241.71
Assessment (2023) $216,000
Directions/Cross Streets Nicholas St & Front Street
Area Hastings
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On E
Property Features Fenced Yard, Golf, Marina, Rec Centre, School Bus Route
Waterfront None
Special Designations Unknown
Bedrooms 2+2
Bathrooms 4
Rooms 6+6
Kitchens 2+2
Lot 37.11 x 118.83 ft
Acreage <.50
Approximate Square Footage 2000-2500
Approximate Age 31-50
Exterior Stucco/Plaster
Elevator N
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Basement Fin W/O, Full
Drive Private
Garage Spaces 0.0
Garage Type None
Parking Spaces 4
Total Parking Spaces 4.0
Retirement N
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Utilities-Hydro Y
Utilities-Gas Y
Utilities-Telephone A
Water Municipal
Zoning R3
Seller Property Info Statement N
Bathrooms
Pieces Level
4Main
4Main
4Lower
4Lower

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
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