Yuvraj Sharma
Realtor
C 21 Realty Centre, Brokerage
Independently owned and operated.
8550 Airport Road, Brampton, Ontario L6T5A3
Cell: 647-961-7334Office: 905-783-1000
$690,000
Available - For Sale
Listing ID: X13620502
37-43 Leonard Avenue , Quinte West, K8V 2R3, Hastings
| 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: | $4599.00 |
| Tax Type: | Annual |
| Occupancy: | 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. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 3678.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Recreation/Comm |
| Approximatly Age: | 51-99 |
| Franchise: | F |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Sanitary |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX Jazz INC. |
|
|
Yuvraj Sharma
Realtor
Dir:
647-961-7334
Bus:
905-783-1000
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Quinte West |
| Neighbourhood: | Trenton Ward |
| Approximate Age: | 51-99 |
| Tax: | $4,599 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
