82-84 West Street Quinte West, Ontario K8V 2M1

8 Bedroom 4 Bathroom 1435
None Baseboard Heaters


4-PLEX MULTI-RESIDENTIAL, now available to add to your investment portfolio! This property is fully tenant occupied with each unit having 2 bedrooms. Units are separately metered and tenants pay for their own water and hydro. Landlord pays property tax and insurance. Tenants pay rent month-to-month. The monthly rents are Unit 82 1/2 - $1,100; Unit 82-$675.00; Unit 84-$690.00 and Unit 84 1/2 - $500 for a total of $2,965 monthly. Gross Operating income of $35,580.00/yr. The Landlord pays approximately $300/month insurance. Net Operating Income of $29,368.07/yr. Cap Rate of 5%. Tenant parking is provided at the front of the building and there is a backyard with a patio area for Tenants to share use. The property does have a single car garage for additional storage (needs TLC). The units are a mirror image of each other with two units on the main level and 2 in the basement. One unit has wheelchair access at the front entry. 3 units have been updated in the past. Appliances are included (4 fridges, 4 stoves) AS IS. There are no washer/dryer hookups with this property. Minimum 36 hour advance notice is required for all showings. Offers welcome anytime. (id:51737)

Property Details

MLS® Number 40354900
Property Type Multi-family
Amenities Near By Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Schools, Shopping
Communication Type High Speed Internet
Equipment Type Water Heater
Features Park/reserve, Golf Course/parkland, Crushed Stone Driveway
Parking Space Total 9
Rental Equipment Type Water Heater


Bathroom Total 4
Bedrooms Total 8
Appliances Water Meter
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Stucco
Fire Protection Smoke Detectors
Fixture Ceiling Fans
Foundation Type Stone
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 1
Size Interior 1435
Type Fourplex
Utility Water Municipal Water


Detached Garage


Access Type Water Access, Highway Access
Acreage No
Land Amenities Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 71 Ft
Size Irregular 0.204
Size Total 0.204 Ac|under 1/2 Acre
Size Total Text 0.204 Ac|under 1/2 Acre
Zoning Description R3


Electricity Available



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