37-43 Leonard Avenue, Quinte West, ON K8V 2R3
Quinte West, ON, K8V 2R3 · Trenton Ward
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.
Features & Amenities
- Basement: Apartment, Walk-Out
- Garage: None
- Cooling: None
- Heat Type: Radiant
- Heat Source: Gas
- Style: 1 Storey/Apt
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 1 Storey/Apt |
| Bedrooms | 12 |
| Bathrooms | 4 |
| Basement | Apartment, Walk-Out |
| Garage | None |
| Parking Spaces | 12 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $4,599 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater
Exterior Features
- Exterior Features
- Patio
- Other Structures
- Garden Shed
- Pool Features
- None
Building & Construction
- Architectural Style
- 1 Storey/Apt
- Construction Materials
- Brick
- Foundation Details
- Block
- Roof
- Asphalt Shingle
- Basement
- Apartment, Walk-Out
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 12
- Parking Total
- 12.00
- Parking Features
- Private Triple
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 102.63
- Lot Width
- 105.83
Community & Neighborhood
- Property Features
- Level, Place Of Worship, Public Transit, School, Rec./Commun.Centre
Financial & Tax
- Tax Annual Amount
- $4,599
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 14
- Rooms Below Grade
- 14
- Kitchens Above Grade
- 2
- Kitchens Total
- 4
- Bedrooms Above Grade
- 6
- Bedrooms Below Grade
- 6
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Hastings
- Cross Street
- Creelman and Leonard Avenue.
- Directions
- Sidney Street to Creelman, West to Leonard Avenue.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
37-43 Leonard Avenue, Quinte West, ON K8V 2R3, Quinte West, ON, K8V 2R3