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$1,400,000
Available - For Sale
Listing ID: X13101894
This turnkey investment property features two fully leased buildings with strong, consistent income potential. Building 1 includes seven residential units and one commercial space, offering an attractive mix of revenue streams. The residential component consists of four spacious two-bedroom apartments and three one-bedroom apartments, appealing to a broad tenant base. The commercial unit features an approximately 800 sq ft. garage/workshop, adding valuable commercial income potential. Building 2 offers two additional residential units, including a bright ground-floor two-bedroom apartment and a well-appointed two-bedroom basement apartment. With dependable tenants already in place and a balanced mix of residential and commercial occupancy, this property represents an excellent opportunity for investors seeking stable cash flow and long-term portfolio growth.
Price $1,400,000
Taxes: $15,005.43
Tax Type: Annual
Monthly Condo Fee: $0
Occupancy by: Tenant
Address: 540 Old Hwy 2 N/A , Quinte West, K8V 5P5, Hastings
Postal Code: K8V 5P5
Province/State: Hastings
Legal Description: LT 9 RCP 2190 SIDNEY; QUINTE WEST; COUNT
Directions/Cross Streets: 1st Avenue.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 7,350
Total Area Code:  Square Feet
Office/Appartment Area: 7350
Office/Appartment Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Outside Storage: F
Rail: N
Clear Height Feet: 8
Heat Type: Baseboard
Central Air Conditioning: Partial
Sewers: Septic
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Royal Lepage Proalliance Realty

540 Old Hwy 2 N/A , Quinte West, K8V 5P5, Hastings

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Com - Investment
Area: Hastings
Municipality: Quinte West
Neighbourhood: Sidney Ward
Style:
Lot Size: x 142.30(Feet)
Approximate Age:
Tax: $15,005.43
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949