527 Front Street, Quinte West, ON K8V 4R4
Quinte West, ON, K8V 4R4 · Trenton Ward
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!
Features & Amenities
- Basement: Finished with Walk-Out, Separate Entrance
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: Bungalow
- Construction: Stucco (Plaster)
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | Bungalow |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Basement | Finished with Walk-Out, Separate Entrance |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $3,652 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Primary Bedroom - Main Floor, Water Heater
Exterior Features
- Exterior Features
- Landscaped
- Other Structures
- None
- Pool Features
- None
Building & Construction
- Architectural Style
- Bungalow
- Construction Materials
- Stucco (Plaster)
- Foundation Details
- Block
- Roof
- Asphalt Shingle
- Basement
- Finished with Walk-Out, Separate Entrance
- Approximate Age
- 31-50
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 118.83
- Lot Width
- 37.11
Community & Neighborhood
- Property Features
- Fenced Yard, Golf, Marina, Rec./Commun.Centre, School Bus Route
Financial & Tax
- Tax Annual Amount
- $3,652
- Tax Year
- 2025
- Tax Assessed Value
- $216,000
- Possession Type
- Flexible
- Possession Details
- FLEXIBLE
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 6
- Rooms Below Grade
- 6
- Kitchens Above Grade
- 2
- Kitchens Total
- 4
- Bedrooms Above Grade
- 2
- Bedrooms Below Grade
- 2
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Hastings
- Cross Street
- Nicholas Street and Front Street
- Directions
- Nicholas Street to Front Street
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
527 Front Street, Quinte West, ON K8V 4R4, Quinte West, ON, K8V 4R4