188 Henry Street, Quinte West, ON K8V 5L3
Quinte West, ON, K8V 5L3 · Trenton Ward
About this property
Must be sold together with 28 McColl St, MLS #X13140164. Great Investment Opportunity in Trenton. Some VTB possible. 188 Henry St has four 2-bedroom units and two 1-bedroom unit. These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with some units renovated. Numerous capital improvements have been completed in recent years, including electrical, windows, roofing and front doors. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds available for additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.
Features & Amenities
- Basement: Apartment
- Garage: None
- Cooling: None
- Heat Type: Water
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 10 |
| Bathrooms | 6 |
| Basement | Apartment |
| Garage | None |
| Parking Spaces | 6 |
| Heat Type | Water |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $6,781 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Water Heater, Water Heater Owned, Water Meter
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Apartment
Heating & Cooling
- Heat Type
- Water
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 6
- Parking Total
- 6.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 56.46
- Lot Width
- 112.40
- Lot Irregularities
- 56.46x112.92x64.53x60.18x11.16x42.27
Community & Neighborhood
- Property Features
- Lake/Pond, Marina, Public Transit, School, Hospital, Park
Financial & Tax
- Tax Annual Amount
- $6,781
- Tax Year
- 2025
- Possession Type
- 60-89 days
- Possession Details
- 60/TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 28
- Rooms Below Grade
- 2
- Kitchens Above Grade
- 6
- Kitchens Total
- 6
- Bedrooms Above Grade
- 10
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Hastings
- Cross Street
- Dundas/McColl
- Directions
- Dundas St West to McColl Street. Buildings just n/w of intersection of McColl & Henry
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
188 Henry Street, Quinte West, ON K8V 5L3, Quinte West, ON, K8V 5L3