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$725,000
Ontario,Quinte West (Trenton Ward)
For Sale Active
37-43 LEONARD AVENUE, Quinte West (Trenton Ward), Ontario K8V2R3
  • 12
  • 4
  • 2,000 Sqft
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Basic Details
Description

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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12571210
  • Price: $725,000
  • Bedrooms: 12
  • Bathrooms: 4
  • Square Footage: 2,000 Sqft
  • Status: Active
  • Office Name: RE/MAX JAZZ INC.
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 232042
Features & Appliances
Features
  • Heating System: Natural gas, Radiant heat, Not known
  • Cooling System: None
  • Basement: N/A, Walk out, Apartment in basement
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Quinte West (Trenton Ward), K8V2R3
  • Street: Leonard
  • Street Number: 37-43
  • Street Suffix: Avenue
  • Longitude: W78° 25' 15.6''
  • Latitude: N44° 7' 10.7''
Additional Information
  • Water Source:
  • Community Features:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 105.8 x 102.6 FT
Financial
  • Tax Annual Amount: 4599
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Listing updated: 2025-11-28 21:12:35
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Listing Information
  • List Agent Key: 2144234
  • List Office Key: 232042
  • Modification Timestamp: 2025-11-27T18:26:10Z
  • Originating System Name: Central Lakes Association of REALTORS®
  • Status Change Timestamp: 2025-11-27T17:51:45Z
Powered by REALTOR.ca
Listing updated: 2025-11-28 21:12:35

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