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527 Front St Quinte West, Ontario K8V 4R4

4 Bedroom 4 Bathroom
Bungalow Forced Air

$600,000

Great Cond, Purpose-Built Fourplex. Fully Occupied With Tenants That Care For Property. Good Revenue Property Produces Over $39,000 Of Gross Rental Income & Hydro, Water/Sewer Metered Separately (Landlord Pays Gas). Cap Rate Over 5%. Four Units In Total, 2 On Main & 2 On Lower. All Units Have 1 Bd, 1 Bath, Main Entrances And Emergency Exits. Each Unit Also Has Their Own Patio Areas Plus There Is Large, Fenced Yard. Unit 1 Pays $650/Mth +Hydro & Water/Sewer. Tenant Has Been There Approx. 11Yrs. Unit In Excellent Condition. Unit 2 Is Also In Great Condition & Tenant Has Been There Since Sept. 2021. Tenant Pays $875/Month +Hydro & Water/Sewer. Unit 3 Has 1 Bd, 1 Bath. Tenant Has Been There 4.5Yrs & Pays $650/Mth +Hydro, Water/Sewer. Unit 4 Has Just Been Renovated With New Vinyl Flooring, New Bath & Updated Kitchen. Tenant Pays $1100/Mth +Hydro, Water/Sewer & Has 1 Yr Lease Commencing Nov 1, 2022. Great Income Producing Property & Excellent Tenants. Income Statement Avail Upon Request. (id:51737)

Property Details

MLS® Number X5825044
Property Type Single Family
Amenities Near By Hospital, Marina
Community Features Community Centre, School Bus
Parking Space Total 4

Building

Bathroom Total 4
Bedrooms Above Ground 2
Bedrooms Below Ground 2
Bedrooms Total 4
Architectural Style Bungalow
Basement Development Finished
Basement Features Walk Out
Basement Type Full (finished)
Exterior Finish Stucco
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Type Fourplex

Land

Acreage No
Land Amenities Hospital, Marina
Size Irregular 37.11 X 118.83 Ft
Size Total Text 37.11 X 118.83 Ft

Utilities

Sewer Installed
Natural Gas Installed
Electricity Installed

https://www.realtor.ca/real-estate/25061026/527-front-st-quinte-west

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