For Sale: 37-43 Leonard Avenue, Quinte West, ON - REW
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$690,000
0 bd ba 3678 sf Multifamily

37-43 Leonard AvenueQuinte West, ON, K8V 2R3

  • 0 Bed
  • Bath
  • 3678 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. As 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 expense. 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
Gross Taxes for 2026
$4,599
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
12
Property Type
Multifamily
Depth
102.63 feet
Frontage
105.9 feet
Heating Type
Hot water radiator heat, Natural gas
Appliances
Water Heater
Agent details
Primary Agent
Gus Burneau
Primary Broker
RE/MAX Jazz INC.
Listing details
Days on REW
42 Days
Property Views
31
MLS® Number
X13620502
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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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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