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527 Front St
Quinte West | | K8V 4R4- 2 + 2
- 4
- 0
$589,900
Est. Mtg $2,000 /mo-
Days on market
20
-
Status
New
Home details
- MLS #:
X10408156
- Property type:
- Fourplex
- Style:
- Bungalow
- Taxes:
- $3,455
- Possession:
- FLEXIBLE
- Lot Front:
- 37.11 Feet
- Lot Depth:
- 118.83 Feet
- Basement:
- Finished | Full
- Driveway Pkg:
- 4
- Heat:
- Gas | Forced Air
Description
527 Front St, , Quinte West, Ontario is a Fourplex property in Quinte West and in the community in the K8V 4R4 postal code
Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed..
Extras
Total monthly rental income - $3525. Total annual gross rental income - $42,300. Expenses approximately $9000 (see income and expenses document). Cap rate/return approximately 5.5%. Immediate possession available..
History
Sign in for full access| List Date | End Date | List Price | End Price | Status | MLS # |
| 2022-11 | 2023-02 | $600,000 | $600,000 | Exp | X5825044 |
| 2024-02 | 2024-05 | $649,900 | $649,900 | Exp | X8048774 |
| 2024-07 | 2024-11 | $599,900 | $599,900 | Exp | X9032093 |
| 2024-11 | 2024-11 | $589,900 | $589,900 | New | X10408156 |
| 2023-07 | $189,900 | $189,900 | X6531302 | ||
| 2023-08 | $600,000 | $600,000 | X6564781 |
Statistics: TRREB Market Watch - JUNE 2023
Municipality activity All Property Types
Sale activity
Quinte West :
Estimated running costs for 527 Front St
Based on available 3rd party data
Approximate costs per month
- Mortgage
- $2000 p/m
- Energy
- from $75 p/m
- Water
- from $40 p/m
- Home insurance
- from $20 p/m
- Taxes
- $287 p/m
- Maintenance
- $0 p/m
Amenities:
Features:
-
Fenced Yard
-
Golf
-
Marina
-
Rec Centre
-
School Bus Route
Payment calculator
-
Principal and Interest
2000 /mo
-
Property Taxes
$287 /mo
-
Yearly Condo Fees
$0
* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.
P2 Realty Brokerage
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