Jag Patel
Broker
$725,000
Available - For Sale
Listing ID: X12571210
37-43 Leonard Avenue , Quinte West, K8V 2R3, Hastings
| Excellent investment opportunity! Rarely offered purpose-built four-plex, each unit offering 3 bedrooms, 1 bath, in-suite laundry hookups, and its own dedicated outdoor storage shed. Situated on a large corner lot, the building is designed for low-maintenance ownership with no interior common areas to maintain. Each unit also features its own paved driveway with parking for up to 3 vehicles. Current gross annual rents are $58,860, and the property is already cash-flow positive, with substantial upside as units turn over. Tenants pay all utilities, except one unit where water is included. Unit 39 has been renovated and is leased for $2,000/month plus utilities, demonstrating the true rental potential available for the building. With minimal upgrades to the remaining units as they turn over, the property's total rent potential could reach approximately $96,000 annually. An especially rare offering- this property delivers substantial cash flow. Ideal for investors or owner-occupiers alike, where income from the three rented units can significantly offset housing costs, creating the possibility of living here with minimal to no monthly out-of-pocket expenses. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential. |
| Price | $725,000 |
| Taxes: | $4599.00 |
| Occupancy: | Tenant |
| Address: | 37-43 Leonard Avenue , Quinte West, K8V 2R3, Hastings |
| Acreage: | < .50 |
| Directions/Cross Streets: | Creelman and Leonard Avenue. |
| Rooms: | 14 |
| Rooms +: | 14 |
| Bedrooms: | 6 |
| Bedrooms +: | 6 |
| Family Room: | F |
| Basement: | Apartment, Walk-Out |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 9.74 | 15.91 | |
| Room 2 | Main | Dining Ro | 8.13 | 11.41 | |
| Room 3 | Main | Kitchen | 6.66 | 10.99 | |
| Room 4 | Main | Utility R | 6.72 | 4.99 | |
| Room 5 | Main | Bathroom | 6.82 | 4.82 | |
| Room 6 | Main | Primary B | 10.99 | 9.68 | |
| Room 7 | Main | Bedroom 2 | 10.73 | 8 | |
| Room 8 | Main | Bedroom 3 | 10.33 | 7.74 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Lower |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Fourplex |
| Style: | 1 Storey/Apt |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private Tr |
| Drive Parking Spaces: | 12 |
| Park #1 | |
| Parking Type: | Private Tr |
| Park #2 | |
| Parking Type: | Private Tr |
| Pool: | None |
| Other Structures: | Garden Shed |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Level, Place Of Worship |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Radiant |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX Jazz INC. |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Hastings |
| Municipality: | Quinte West |
| Neighbourhood: | Trenton Ward |
| Style: | 1 Storey/Apt |
| Approximate Age: | 51-99 |
| Tax: | $4,599 |
| Beds: | 6+6 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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