Home with vinyl exterior material, unknown for 527 Front St, Quinte West Ontario K8V 4R4
57 days on Market

527 Front St, Quinte West, Ontario K8V 4R4

Townhouse
2 + 2
4
~2000-2500 sqft
$589,900
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Townhouse
2 + 2
4
~2000-2500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$265/sqft

Est. Mortgage$2,533/mo

Tax Amount (2024)$3,455/yr

Days On Market57 days


Description

ATTENTION INVESTORS! Here is an exceptional opportunity for those seeking a lucrative investment with some long-term tenants & 4 units generating consistent rental income. This purpose-built fourplex, located in the heart of Trenton, is the ideal choice for savvy real estate investors. While duplexes and triplexes have their merits, a fourplex strikes the perfect balance, significantly reducing vacancy losses and maximizing income potential. This fully occupied property boasts responsible tenants who take excellent care of their homes, generating over $48,000 in gross rental income annually. Utilities such as hydro and water/sewer are metered separately, with the landlord covering gas expenses. The property offers an impressive cap rate of over 6.5%. The 4 units consist of 2 on the main level & 2 on the lower level, with each unit featuring 1 bedroom & 1 bathroom, as well as main entrances & secondary/emergency exits. Each unit also includes private patio areas, complemented by a large, shared fenced yard. UNIT 1: $650/month + hydro & water/sewer. Tenant has resided here for approx. 14 years & maintains the unit in excellent condition. UNIT 2: $1,350/month + hydro & water/sewer. Tenant has occupied this unit since July 2023, & it is also in great shape. UNIT 3: $650/month + hydro & water/sewer. This tenant has been here for 7 years, and the unit is well-maintained. UNIT 4: Recently renovated in 2022, featuring new vinyl flooring, an updated kitchen, & a new bathroom. Tenant pays $1,350/month + hydro & water/sewer & has been there since January 1, 2025. All tenants are on month-to-month leases, providing flexibility for the new owner. This income-producing property with excellent tenants is a fantastic addition to your real estate investment portfolio. An income statement is available upon request. Don't miss out on this opportunity to visit my website for more information about this listing!


Property Details

StyleBungalow
ViewClear
Age of property31-50
SqFt~2000-2500 SqFt
Lot Size4,409 SqFt(118.83 x 37.11)
Parking Spaces4
MLS ®NumberX11958225
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

Feb 5, 2025
ListedActive
$589,900
57 days on market
history photo preview39
Listing by trreb®
Property listed by ROYAL LEPAGE PROALLIANCE REALTY, Brokerage
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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%

Schools and amenities

Estimated Budget