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Last Updated : 223 Days ago
527 Front Street, Quinte West, ON, Trenton Ward
MLS Number: XXXXXXX

527 Front Street, Quinte West

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527 Front Street, Quinte West MLS Number: X11958225

Trenton Ward, Quinte West, Hastings, ON, K8V 4R4

$589,900

Status: Sold

  • 2+2 Beds
  • 4 Baths
  • Area : 2000-2500 sqft
  • Property Type: Residential Freehold (Fourplex)
  • Property Taxes : $3454.97 (Tax Year:2024)
  • Listing Courtesy : Royal Lepage Proalliance Realty

527 Front Street Property Description

ATTENTION INVESTORS! Here is an exceptional opportunity for those seeking a lucrative investment with some long-term tenants & 4 units generating consistent rental income. This purpose-built fourplex, located in the heart of Trenton, is the ideal choice for savvy real estate investors. While duplexes and triplexes have their merits, a fourplex strikes the perfect balance, significantly reducing vacancy losses and maximizing income potential. This fully occupied property boasts responsible tenants who take excellent care of their homes, generating over $48,000 in gross rental income annually. Utilities such as hydro and water/sewer are metered separately, with the landlord covering gas expenses. The property offers an impressive cap rate of over 6.5%. The 4 units consist of 2 on the main level & 2 on the lower level, with each unit featuring 1 bedroom & 1 bathroom, as well as main entrances & secondary/emergency exits. Each unit also includes private patio areas, complemented by a large, shared fenced yard. UNIT 1: $650/month + hydro & water/sewer. Tenant has resided here for approx. 14 years & maintains the unit in excellent condition. UNIT 2: $1,350/month + hydro & water/sewer. Tenant has occupied this unit since July 2023, & it is also in great shape. UNIT 3: $650/month + hydro & water/sewer. This tenant has been here for 7 years, and the unit is well-maintained. UNIT 4: Recently renovated in 2022, featuring new vinyl flooring, an updated kitchen, & a new bathroom. Tenant pays $1,350/month + hydro & water/sewer & has been there since January 1, 2025. All tenants are on month-to-month leases, providing flexibility for the new owner. This income-producing property with excellent tenants is a fantastic addition to your real estate investment portfolio. An income statement is available upon request. Don't miss out on this opportunity to visit my website for more information about this listing!

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527 Front Street Property Facts

Property Type :Residential Freehold
MLS Number :X11958225
Listing Type :Sale
Property Age :31-50 Years
Possession Date :
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Last Updated :16 May, 2025 (223 Days ago)
Source :Toronto Regional Real Estate Board
Area :Hastings
Postal Code : K8V 4R4

527 Front Street Property Price & Tax Insights

Price : $589,900
Property Taxes :$3454.97
Tax Year :2024

527 Front Street, Quinte West Property Details

Bedrooms :2 + 2
No. of Rooms :6
Heating :Forced Air
Cross Street :Nicholas Street and Front Street
Bathrooms :4
Fuel :Gas
Approx Square Footage :2000-2500 sqft

Exterior Information

Exterior Finish :Stucco (Plaster)
Parking Space :4
Basement :Finished with Walk-Out

527 Front Street, Quinte West - Price History

2025-05

16 May, 2025

TREB #X11958225

Expired

$589900.0

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