166 West Street Quinte West, Ontario K8V 2M7
$424,900
Do you know what's better than a duplex? A triplex! This affordable triplex in the heart of town is a fantastic investment opportunity, offering stable rental income with long-term, established tenants. With three units, ranging from a bachelor apartment to a three-bedroom unit, this fully rented property generates a gross rental income of $25,380 per year. Situated on a spacious corner lot, the property features multiple driveways, a detached double garage with a separate driveway, and multiple entrances for tenant convenience. The exterior is a combination of stucco and vinyl siding, and there is a deck on the north side serving two unit entrances. Unit 1 is a three-bedroom, one-bath unit on the second level, rented for $630/month plus hydro, gas, and water/sewer. The tenant, in place for approximately five years, enjoys gas heat, two parking spaces, laundry facilities (tenant-owned appliances), and exclusive use of the detached garage. Unit 2 is a two-bedroom, one-bath unit on the main level, rented for $850/month plus gas. With two separate entrances and laundry facilities in the foyer, this unit has housed the same tenant for 8 to 9 years. The unit includes gas heat and two parking spaces. Unit 3 is a bachelor apartment in the lower level, rented for $635/month all-inclusive. Featuring an open-concept kitchen, living area, and sleeping space, it is heated with electric baseboard heat. The landlord provides appliances, and the unit has a separate driveway with two parking spots. The tenant has been there for approximately six years. With separate metering for hydro and water (one unit fully independent, two units metered together) and individual hot water tanks for each unit, this self-sustaining property is a smart addition to any investment portfolio, with tenants maintaining lawn care and snow removal. Detailed income and expenses available. (id:47351)
Property Details
| MLS® Number | X12023503 |
| Property Type | Multi-family |
| Community Name | Trenton Ward |
| Amenities Near By | Hospital, Park, Public Transit, Schools |
| Community Features | Community Centre |
| Equipment Type | Water Heater - Gas |
| Features | Level Lot, Irregular Lot Size, Level |
| Parking Space Total | 8 |
| Rental Equipment Type | Water Heater - Gas |
| Structure | Deck |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Exterior Finish | Vinyl Siding, Stucco |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft ,7 In |
| Size Frontage | 31 Ft ,6 In |
| Size Irregular | 31.5 X 100.6 Ft ; Back Corner Cut Off 125.01 Long Side |
| Size Total Text | 31.5 X 100.6 Ft ; Back Corner Cut Off 125.01 Long Side|under 1/2 Acre |
| Zoning Description | R3 |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28033728/166-west-street-quinte-west-trenton-ward-trenton-ward
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 24 2025 10:15:38
Central Lakes Association of REALTORS®
Royal LePage Proalliance Realty