$725,000

Fourplex

37-43 Leonard Avenue, Quinte West, ON

65 DAYS
6+6
4
0
1500-2000
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Listed by RE/MAX JAZZ INC.

Property Highlights

Status

Sold Cond.

Parking

12 spaces

Property Tax

$4,599/yr

Age

51-99 yrs

Lot Size

< .50 ac

Style

1 Storey/Apt

Basement

Apartment, Walk-Out

Monthly Cost

$3,445/mo

About This Home

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.

Monthly Cost

Monthly Mortgage$3,061
Property Tax ($4,599/yr)$383
Total$3,444

Price & Listing History

Schools

Location

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Rooms

Main Level

Utility Room: 2.05m × 1.52m
Primary Bedroom: 3.35m × 2.95m
Kitchen: 2.03m × 3.35m
Bedroom 3: 3.15m × 2.36m
Bathroom: 2.08m × 1.47m
Bedroom 2: 3.27m × 2.44m
Living Room: 2.97m × 4.85m
Dining Room: 2.48m × 3.48m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage