37-43 Leonard AVE, Quinte West, ON K8V 2R3
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37-43 Leonard AVE, Quinte West, ON K8V 2R3
37-43 Leonard AVE, Quinte West, ON K8V 2R3
37-43 Leonard AVE, Quinte West, ON K8V 2R3
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Graham Howarth

Graham Howarth

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37-43 Leonard AVE Quinte West, ON K8V 2R3

12 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Trenton Ward

MLS Listing ID X12571210

Style 1 Storey/Apt

Bedrooms 12

Annual Tax Amount $4,599

Tax Year 2025

Property Sub-Type Fourplex

Property Description

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.

Location

Province ON

County Hastings

Area Hastings

Zoning R5

Rooms

Family Room No

Basement Apartment, Walk-Out

Kitchen 4

Separate Den/Office 6

Interior

Interior Features Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater

Cooling None

Inclusions Three fridges, three stoves, 1 hot water heater, laundry appliances in 3 units.

Exterior

Exterior Feature Patio

Parking Features Private Triple

Pool None

Roof Type Asphalt Shingle

Lot Frontage 105.83

Lot Depth 102.63

Total Parking Spaces 12

Building

Building Age 51-99

Foundation Block

Others

Senior Community No

ParcelsYN No

Listed by RE/MAX Jazz INC.
Graham Howarth

Graham Howarth

Agent

+1(416) 602-1563

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37-43 Leonard AVE

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