640 Front Street Quinte West, Ontario K8V 4R7
$499,900
Profitable Triplex at 640 Front St. Discover an exceptional investment opportunity w/ this positive cash-flow triplex located in the heart of Trenton, Ont. This property is a prime addition to any rental portfolio, offering stability & consistent income. Each unit is metered separately, ensuring minimal landlord expenses & maximizing your return on investment. Unit A is a spacious 3-bdrm, 1-bath, 2-sty unit with full bsmt. It features a charming front porch, 2 entrances, an eat-in kitchen, & hdwd floors throughout the living areas & upper-lvl bdrms. Recent upgrades include a new tub surround, a newer gas boiler system for hot water radiator heat, & a new owned HWT. With 2 allocated parking spots & a large fenced yard, this unit is perfect for families. The tenant has been in place for approx. 8 yrs, paying $1,116.02/mth plus utilities. Unit B is a bright 2-bdrm, 1-bath bungalow-style unit. The south-facing living rm boasts laminate floors & a picture window overlooking the rear yard. The spacious eat-in kitchen includes co-located laundry & a 2nd door to the backyard. This unit comes with 2 parking spots & a dedicated rear yard with gardens & fenced area. The tenant, who has been there for about 5 yrs, pays $1,200/mth plus utilities. Unit C is a 1-bdrm, 1-bath unit, currently vacant & ready for the next investor to select a tenant & set the rent. Recently refreshed, it features hdwd floors in the living rm, a functional kitchen, & a 3-pce. bathroom. 1 parking spot is located in front of the unit, with projected rent at $1,100/mth plus utilities. With over $40,000 in gross rental income, this triplex offers a stable investment opportunity more resistant to vacancies than a duplex. The property includes several updates & detailed income & expenses are available upon request. Many appliances are included, making this a turnkey investment. Seize the opportunity to own a profitable & stable triplex in Trenton. Inquire today for more information or to schedule a viewing! (id:51737)
Property Details
| MLS® Number | X11976901 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Marina, Public Transit |
| Features | Level Lot, Irregular Lot Size, Level |
| Parking Space Total | 5 |
| Structure | Patio(s), Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Appliances | Water Heater |
| Basement Development | Unfinished |
| Basement Features | Walk-up |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Hospital, Marina, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 127 Ft ,9 In |
| Size Frontage | 86 Ft |
| Size Irregular | 86 X 127.8 Ft ; \"l\" Shaped Lot |
| Size Total Text | 86 X 127.8 Ft ; \"l\" Shaped Lot|under 1/2 Acre |
| Zoning Description | R3 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.48 m | 5.6 m | 3.48 m x 5.6 m |
| Second Level | Bedroom 2 | 3.85 m | 3.29 m | 3.85 m x 3.29 m |
| Second Level | Primary Bedroom | 3.78 m | 5.45 m | 3.78 m x 5.45 m |
| Main Level | Kitchen | 3.45 m | 6.31 m | 3.45 m x 6.31 m |
| Main Level | Kitchen | 1.98 m | 3.44 m | 1.98 m x 3.44 m |
| Main Level | Bedroom | 3.35 m | 3.63 m | 3.35 m x 3.63 m |
| Main Level | Living Room | 3.7 m | 5.45 m | 3.7 m x 5.45 m |
| Main Level | Living Room | 5.21 m | 3.56 m | 5.21 m x 3.56 m |
| Main Level | Kitchen | 5.03 m | 3.57 m | 5.03 m x 3.57 m |
| Main Level | Bedroom | 3.29 m | 3.05 m | 3.29 m x 3.05 m |
| Main Level | Bedroom 2 | 3.23 m | 3.08 m | 3.23 m x 3.08 m |
| Main Level | Living Room | 3.32 m | 3.44 m | 3.32 m x 3.44 m |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/27925214/640-front-street-quinte-west
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February 28 2025 10:19:43
Central Lakes Association of REALTORS®
Royal LePage Proalliance Realty