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37-43 Leonard Avenue, Quinte West, ON K8V 2R3

Quinte West, ON, K8V 2R3

12 Beds
4 Baths
Sq Ft
Fourplex Type
X12571210 MLS#

About this property

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. An 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 expenses. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential.

Property Details

Property Type Residential Freehold
Property Sub-Type Fourplex
Bedrooms 12
Bathrooms 4
Annual Tax $4,599

Parking & Garage

Parking Total
12.00

Financial & Tax

Tax Annual Amount
$4,599

Room Details

Kitchens Total
4
Bedrooms Above Grade
6
Bedrooms Below Grade
6

Additional Details

County Or Parish
Hastings

Location

37-43 Leonard Avenue, Quinte West, ON K8V 2R3, Quinte West, ON, K8V 2R3

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