For Sale: 37-43 Leonard Avenue, Quinte West, ON - REW
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$725,000
12 bd • 4 ba • 1500 - 1999 sf • Multifamily
37-43 Leonard Avenue
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$725,000
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37-43 Leonard AvenueQuinte West, ON, K8V 2R3

  • 12 Bed
  • 4 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Gus Burneau, Salesperson, RE/MAX Jazz INC.

Home facts and features

Price details
List Price
$725,000
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Gross Taxes for 2026
$4,599
Home facts
Bedrooms
12
Full Bathrooms
4
Parking Spaces
12
Parking Details
No Garage
Property Type
Multifamily
Depth
102.6 feet
Frontage
105.9 feet
Exterior Finish
Brick
Heating Type
Radiant heat, Natural gas
Basement Details
Apartment in basement, Walk out, ,
Features
Flat site, Level lot, Separate Electricity Meters
Appliances
Refrigerator, Stove, Water Heater
Agent details
Primary Agent
Gus Burneau
Primary Broker
RE/MAX Jazz INC.
Listing details
Days on REW
12 Days
MLS® Number
X12571210
Source
Canadian Real Estate Association
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Property Insights

V P Carswell Public School
  • Public
  • JK - 8
Trent River Public School
  • Public
  • JK - 8
St Mary Catholic School
  • Catholic
  • JK - 8
College Street Public School
  • Public
  • JK - 8
Breadner Elementary School
  • Public
  • JK - 8
North Trenton Public School
  • Public
  • JK - 6
Marc-Garneau School
  • Public
  • 7 - 12
É Élém C L'Envol
  • Catholic
  • JK - 8
Trenton High School
  • Public
  • 9 - 12
Prince Charles Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Gus Burneau
Phone:
(647) 922-0112
Cell:
647-922-0112
Office:
905-728-1600
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.