For Sale: 527 Front Street, Quinte West, ON - REW
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$424,900
4 bd • 4 ba • 2000 - 2499 sf • Multifamily
527 Front Street
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$424,900
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527 Front StreetQuinte West, ON, K8V 4R4

  • 4 Bed
  • 4 Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

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! (id:63626)
Listed by: Jason Ballas, Salesperson, Royal Lepage Proalliance Realty

Home facts and features

Price details
List Price
$424,900
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Gross Taxes for 2025
$3,652
Home facts
Bedrooms
4
Full Bathrooms
4
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Depth
118.8 feet
Frontage
37.1 feet
Style
Bungalow
Exterior Finish
Stucco
Heating Type
Forced air, Natural gas
Basement Details
Finished, Separate entrance, Walk out, ,
Features
Level, Smoke Detectors
Appliances
Water Heater
Agent details
Primary Agent
Jason Ballas
Primary Broker
Royal Lepage Proalliance Realty
Listing details
Days on REW
152 Days
Property Views
30
MLS® Number
X12668172
Source
Canadian Real Estate Association
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Property Insights

North Trenton Public School
  • Public
  • JK - 6
Trenton High School
  • Public
  • 9 - 12
Trent River Public School
  • Public
  • JK - 8
St Paul Catholic School
  • Catholic
  • 9 - 12
College Street Public School
  • Public
  • JK - 8
Prince Charles Public School
  • Public
  • JK - 8
V P Carswell Public School
  • Public
  • JK - 8
Murray Centennial Public School
  • Public
  • JK - 8
St Mary Catholic School
  • Catholic
  • JK - 8
Breadner Elementary 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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Salesperson
Jason Ballas
Office:
613-394-4837
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