527 FRONT STREET, Quinte West, Ontario, K8V 4R4

MLS® # X10408156

House For Sale In Quinte West, Ontario

$589,900 QuickQuote^TM: $536K - $640K

2+2 Beds

4 Baths

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527 Front Street, Quinte West, ON - Outdoor

527 Front Street, Quinte West, ON - Photo Showing Other Room

527 Front Street, Quinte West, ON - Indoor

527 Front Street, Quinte West, ON - Indoor Photo Showing Living Room

527 Front Street, Quinte West, ON - Indoor Photo Showing Kitchen With Double Sink

527 Front Street, Quinte West, ON - Indoor Photo Showing Kitchen

527 Front Street, Quinte West, ON - Indoor Photo Showing Bathroom

527 Front Street, Quinte West, ON - Indoor Photo Showing Bedroom

527 Front Street, Quinte West, ON - Outdoor With Exterior

527 Front Street, Quinte West, ON - Indoor Photo Showing Other Room

527 Front Street, Quinte West, ON - With Exterior

527 Front Street, Quinte West, ON - Indoor Photo Showing Basement

527 Front Street, Quinte West, ON - Outdoor With Backyard

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527 FRONT STREET, Quinte West, Ontario, K8V 4R4

$589,900

2+2 Beds

4 Baths

Property Information:

Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. 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 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed. **** EXTRAS **** Total monthly rental income - $3525. Total annual gross rental income - $42,300. Expenses approximately $9000 (see income and expenses document). Cap rate/return approximately 5.5%. Immediate possession available. (id:7525)

Building Features:

Style: Detached
Building Type: Fourplex
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: Full
Exterior Finish: Stucco
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas

Property Features:

Property Type: Single Family
Bedrooms: 2+2
Bathrooms: 4
Amenities Nearby: Marina
Community Features: Community Centre, School Bus
Features: Level
Fence Type: Fenced yard
Irregular: Yes
Landscape Features: Landscaped
Lot Depth: 118.8 Feet
Lot Frontage: 37.1 Feet
Lot Size: 37.1 x 118.8 FT
Utility Type: Sewer - Installed
Zoning: R3
Sewer: Sanitary sewer
No. of Parking Spaces: 4

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Notes:

Jason Ballas

Sales Representative Royal LePage ProAlliance Realty , Brokerage*

Office:613.394.4837

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Rochelle Ballas

Sales Representative Royal LePage ProAlliance Realty , Brokerage*

Office:613.394.4837

Fax:613.394.2897

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QuickQuote^TM

Approximate value for 2+2 bed, 4 bath house in this area is:

List Price
below Estimate List Price
above Estimate

$589,900

List Price

$535,997

$639,962

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Market Price Trends

Location of 527 FRONT STREET, Quinte West, Ontario, K8V 4R4

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

54/100

Moderate

ClimateCheck®

Current data

This property, 527 FRONT STREET , experiences 7 hot days per year at around 30 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 33.7 degrees Celsius.

Projected Avg. Temperature

Past

30℃

2050

33.7℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 527 FRONT STREET , experiences 11 significant 2-day storms per year, with about 326.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 410.3mm of precipitation per year.

Precipitation Per Storm

Past

326.7mm

2050

410.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 527 FRONT STREET, Quinte West, Ontario, K8V 4R4

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$90,539.01

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.22 %

High school certificate or equivalent

37.99 %

Apprenticeship trade certificate/diploma

7.35 %

College/non-university certificate

25.87 %

University Degree

6.58 %

Commuter

Travel To Work

By Car

94.9 %

By Public Transit

0.97 %

By Walking

1.87 %

By Bicycle

0.0 %

By Other Methods

2.26 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

15.8 %

Houses

84.2 %

Own Vs. Rent

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527 FRONT STREET, Quinte West, Ontario, K8V 4R4 $589,900 MLS® # X10408156

Property Information:

Building Features:

Property Features:

Sales/Price History

Market Price Trends

Location of 527 FRONT STREET, Quinte West, Ontario, K8V 4R4

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 527 FRONT STREET, Quinte West, Ontario, K8V 4R4

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

527 FRONT STREET, Quinte West, Ontario, K8V 4R4

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