5
See all 5 photos
$725,000
Est. payment /mo
Active
37-43 Leonard AVE Quinte West, ON K8V 2R3
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Trenton Ward
MLS Listing ID X12571202
Annual Tax Amount $4,599
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Hastings
Area Hastings
Interior
Cooling No
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Available
Lot Frontage 105.83
Lot Depth 102.63
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by RE/MAX JAZZ INC.
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