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527 FRONT STREET
Quinte West (Trenton Ward) Ontario , K8V4R4 , Canada
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Jason Ballas
Agent
Sales Representative
Phone: 613.394.4837

Royal LePage ProAlliance Realty
Brokerage:
253 DUNDAS STREET EAST
Trenton, ON
K8V1M1
Phone: 613.394.4837
Fax: 613.394.2897
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Rochelle Ballas
Agent Photo
Sales Representative
Phone: 613.394.4837

Brokerage:
Royal LePage ProAlliance Realty
253 DUNDAS STREET EAST
Trenton, ON
K8V1M1
Phone: 613.394.4837
Fax: 613.394.2897
$559,900.00
MLS® X12153223
Investment
Lot Frontage: 37.1 Feet
Lot Depth: 118.8 Feet
Lot Size: 37.1 x 118.8 FT
No. of Parking Spaces: 4
Floor Space (approx): 2000 - 2500 Square Feet
Total Bedrooms: 2+2
Total Bathrooms: 4
Zoning: R3
Remarks:
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! (id:7525)

Property Features:
  • Amenities Nearby: Marina
  • Community Features: Community Centre , School Bus
  • Equipment Type: Water Heater - Gas
  • Features: Level
  • Fence Type: Fenced yard
  • Landscape Features: Landscaped
  • Parking Type: No Garage
  • Property Type: Multi-family
  • Rental Equipment Type: Water Heater - Gas
  • Sewer: Sanitary sewer
  • Utility Type: Hydro - Installed
  • Utility Type: Sewer - Installed
  • Utility Type: Cable - Available
Building Features:
  • Architectural Style: Bungalow
  • Basement Development: Finished
  • Basement Type: N/A
  • Building Type: Fourplex
  • Exterior Finish: Stucco
  • Fire Protection: Smoke Detectors
  • Foundation Type: Block
  • Heating Fuel: Natural gas
  • Heating Type: Forced air

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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