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$690,000
Available - For Sale
Listing ID: X13620502
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.
Price $690,000
Taxes: $4,599
Tax Type: Annual
Occupancy by: Tenant
Address: 37-43 Leonard Avenue , Quinte West, K8V 2R3, Hastings
Postal Code: K8V 2R3
Province/State: Hastings
Legal Description: LT 181-182 PL 451 MURRAY; QUINTE WEST; C
Directions/Cross Streets: Creelman and Leonard 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
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 3,678
Total Area Code:  Square Feet
Area Influences: Major Highway   Recreation/Comm
Approximatly Age: 51-99
Franchise: F
Maintenance: 0
Sprinklers: No
Heat Type: Gas Hot Water
Central Air Conditioning: No
Sewers: Sanitary
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RE/MAX Jazz INC.

37-43 Leonard Avenue , Quinte West, K8V 2R3, 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: Trenton Ward
Style:
Lot Size: x 102.63(Feet)
Approximate Age: 51-99
Tax: $4,599
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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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