540 Old Hwy 2

Quinte West, ONMulti-family
$1,400,000
MLS® X13101894
Multi-family[object Object]
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About This Property

This turnkey investment property features two fully leased buildings with strong, consistent income potential. Building 1 includes seven residential units and one commercial space, offering an attractive mix of revenue streams. The residential component consists of four spacious two-bedroom apartments and three one-bedroom apartments, appealing to a broad tenant base. The commercial unit features an approximately 800 sq ft. garage/workshop, adding valuable commercial income potential. Building 2 offers two additional residential units, including a bright ground-floor two-bedroom apartment and a well-appointed two-bedroom basement apartment. With dependable tenants already in place and a balanced mix of residential and commercial occupancy, this property represents an excellent opportunity for investors seeking stable cash flow and long-term portfolio growth. (id:63604)

Key Facts

Type
Multi-family
Size
7,350 sqft
Lot
0.523
Property Details 14 details
Living area
7,350 sq. ft.
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Multi-Family
Attached status
Attached
Heating
Baseboard heaters, Forced air, Natural gas
Cooling
Partially air conditioned
Fireplace
No
Lot dimensions
0.523
Lot area
0.52 acres
Frontage
188.20 feet
Taxes
$15,005.43
Zoning
CR
Water source
Municipal water
Sewer
Septic System

Lot and water

Irregular lot size
Mortgage & Affordability Estimate monthly costs
Purchase price$1,400,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Sidney Ward
City
Quinte West
Postal code
K8V 5P5
Nearby
1st Avenue.