527 Front St Quinte West, Ontario K8V 4R4
$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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November 19 2022 08:25:12
Toronto Real Estate Board
Royal LePage Proalliance Realty