Home with vinyl exterior material, street for 527 Front St, Quinte West Ontario K8V 4R4
Re-listed 17 days ago

527 Front St, Quinte West, Ontario K8V 4R4

Townhouse
2 + 2
4
~2000-2500 sqft
$•••,•••
$559,900
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Townhouse
2 + 2
4
~2000-2500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$251/sqft

Est. Mortgage$2,405/mo

Tax Amount (2024)$3,455/yr

Days On Market17 days

Total Days On Market327 days


Description

Attention Investors! This is a remarkable opportunity to acquire a high-performing, income-generating fourplex in the heart of Trenton. Purpose-built for rental income, this fully occupied property features four 1-bedroom, 1-bathroom unitstwo on the main level and two on the lower leveleach with its own main and secondary/emergency entrance. Every unit also enjoys a private patio space and access to a large, shared fenced yard. With utilities such as hydro and water/sewer metered separately (and gas expenses currently covered by the landlord), this property produces over $48,000 in gross annual rental income and boasts an impressive cap rate of over 6.5%. The tenant profile is strong, with several long-term residents who maintain their units with care. Unit 1 rents for $650/month plus utilities, with a tenant who has lived there for approximately 14 years. Unit 2, rented for $1,350/month plus utilities, has been occupied since July 2023 and remains in excellent condition. Unit 3, also at $650/month plus utilities, has a reliable tenant of 7 years. Unit 4, renovated in 2022 with new vinyl flooring, an upgraded kitchen, and a modern bathroom, is leased at $1,350/month plus utilities, with the current tenant having moved in as of January 1, 2025. All tenants are on month-to-month leases, offering the new owner maximum flexibility. This well-maintained and strategically designed fourplex presents a balanced and dependable investment opportunity, reducing vacancy risks while maximizing income potential. An income statement is available upon request. Visit my website for further detailsdont miss your chance to secure this outstanding property!


Property Details

StyleBungalow
ViewClear
Age of property31-50
SqFt~2000-2500 SqFt
Lot Size4,409 SqFt(118.83 x 37.11)
Parking Spaces4
MLS ®NumberX12153223
Community NameQuinte West
Data SourceTRREB
Listing byROYAL LEPAGE PROALLIANCE REALTY

Features

Heating: Forced Air
Basement: Fin W/O, Sep Entrance

Features

Lot size: 4,409 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
17 days on market
history photo preview40
Listing by trreb®
Property listed by ROYAL LEPAGE PROALLIANCE REALTY, Brokerage
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Market Data - Quinte West

Geo Zone Map ThumbnailQuinte West

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

30 days

Compared to

2024

52 days

2023

46 days

2022

11 days

New Listings

Past 30 days

16 listings

Compared to

2024

17 listings

2023

12 listings

2022

14 listings

Units sold

Past 30 days

7 units

Compared to

2024

6 units

2023

12 units

2022

12 units

Median Sold Price

Past 30 days

$530,000

Compared to

2024

$582,450

2023

$515,000

2022

$548,750


Population and Demographics

Overview

Total population 47132
Average household income $106,396

Age (%)

50 to 64
23%
65 and plus
22%
0 to 19
21%
35 to 49
17%
20 to 34
17%

Household composition (%)

Single family
69%
Single person
27%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
93%
French
4%
Others
3%

House tenancy (%)

Owners
75%
Renters
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget