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527 Front Street, Quinte West, ON K8V 4R4, Quinte West, Ontario

detached · 4 bed · MLS® X12668172

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$519,900

MLS# X12668172

527 Front Street, Quinte West, ON K8V 4R4

Quinte West, Ontario K8V 4R4

4

Bedrooms

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Year Built

New Listing· Listed null days on marketPopular· 167 views todayHot Property· High interest
About This Property

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 units two on the main level and two on the lower level each 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 details don't miss your chance to secure this outstanding property!

Property Details

Property Type

Detached Home

Year Built

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Lot Size

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Garage

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Basement

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Heating

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Cooling

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Parking Spaces

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Location

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527 Front Street, Quinte West, ON K8V 4R4, Quinte West, Ontario

About 527 Front Street, Quinte West, ON K8V 4R4

This Detached Home at 527 Front Street, Quinte West, ON K8V 4R4 is listed for sale in Quinte West, Ontario at $519,900.

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Quinte West is a thriving community in Ontario with excellent amenities, schools, parks, and transit access. Whether you are a first-time buyer, growing family, or investor, this detached home represents a compelling opportunity in Quinte West's real estate market.

MLS® number X12668172. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

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Mortgage Calculator

$519,900

20% ($103,980)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$2,554

*Principal & Interest only. Does not include taxes or insurance.

Principal$415,920
Total Interest$350,314
Total Cost$870,214
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

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