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    For Sale - 28 McColl Street, Quinte West, Ontario

    Est payment $9,551/mo
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    Views   2
    Time on Jump  159 day

    AI Summary *

    • Two well-maintained 6-plex buildings offered together for investment.
    • Total of 12 residential units in a quiet residential neighborhood.
    • Spacious two-bedroom and one-bedroom units with recent renovations.
    • Separately metered units with long-term tenants paying utilities.
    • Paved parking lot and coin laundry available for tenant convenience.




    Great investment opportunity in trenton. Two well-maintained 6-plexes offered together on trenton's west side. Some vtb possible. Two 6-plex buildings consisting of 28 mccoll street (roll #120403005013300, pin 403780012, property tax $7542, lot 57. 14x113. 92x93. 73x28. 37x42. 27 feet) and 188 henry street (roll #120403005013600, pin 403780011, property tax $6781, lot 56. 46x112. 92x64. 53x60. 18x11. 16x42. 27 feet). These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with five units that have been renovated. Numerous capital improvements have been completed in recent years, including windows and roofing. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds available for additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.
    Listing IDX13030684
    Address28 McColl Street
    CityQuinte West, Ontario
    Price$1,989,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Hot WaterSewer Sanitary+Storm

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    Listing Brokerage: RE/MAX REALTRON REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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