REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 499,900
Est. payment /mo
Active
640 FRONT STREET Quinte West, ON K8V4R7
6 Beds
3 Baths
1,499 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,499 sqft
Price per Sqft $333
MLS® Listing ID X11976901
Bedrooms 6
Originating Board Central Lakes Association of REALTORS®
Property Description
Profitable Triplex at 640 Front St. Discover an exceptional investment opportunity w/ this positive cash-flow triplex located in the heart of Trenton, Ont. This property is a prime addition to any rental portfolio, offering stability & consistent income. Each unit is metered separately, ensuring minimal landlord expenses & maximizing your return on investment. Unit A is a spacious 3-bdrm, 1-bath, 2-sty unit with full bsmt. It features a charming front porch, 2 entrances, an eat-in kitchen, & hdwd floors throughout the living areas & upper-lvl bdrms. Recent upgrades include a new tub surround, a newer gas boiler system for hot water radiator heat, & a new owned HWT. With 2 allocated parking spots & a large fenced yard, this unit is perfect for families. The tenant has been in place for approx. 8 yrs, paying $1,116.02/mth plus utilities. Unit B is a bright 2-bdrm, 1-bath bungalow-style unit. The south-facing living rm boasts laminate floors & a picture window overlooking the rear yard. The spacious eat-in kitchen includes co-located laundry & a 2nd door to the backyard. This unit comes with 2 parking spots & a dedicated rear yard with gardens & fenced area. The tenant, who has been there for about 5 yrs, pays $1,200/mth plus utilities. Unit C is a 1-bdrm, 1-bath unit, currently vacant & ready for the next investor to select a tenant & set the rent. Recently refreshed, it features hdwd floors in the living rm, a functional kitchen, & a 3-pce. bathroom. 1 parking spot is located in front of the unit, with projected rent at $1,100/mth plus utilities. With over $40,000 in gross rental income, this triplex offers a stable investment opportunity more resistant to vacancies than a duplex. The property includes several updates & detailed income & expenses are available upon request. Many appliances are included, making this a turnkey investment. Seize the opportunity to own a profitable & stable triplex in Trenton. Inquire today for more information or to schedule a viewing! (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 3.48 m X 5.6 m Bedroom
Extra Room 2 Second level 3.85 m X 3.29 m Bedroom 2
Extra Room 3 Second level 3.78 m X 5.45 m Primary Bedroom
Extra Room 4 Main level 3.45 m X 6.31 m Kitchen
Extra Room 5 Main level 1.98 m X 3.44 m Kitchen
Extra Room 6 Main level 3.35 m X 3.63 m Bedroom
Interior
Heating Baseboard heaters
Exterior
Parking Features No
Fence Fenced yard
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by ROYAL LEPAGE PROALLIANCE REALTY
GET MORE INFORMATION