rear view of house Features: fence More Photos

×

    For Sale - 37-43 Leonard Avenue, Quinte West, Ontario

    Est payment $3,594/mo
    Get pre-qualified
    Views   1
    Time on Jump  11 day

    AI Summary *

    • Purpose-built four-plex with each unit offering 3 bedrooms and 1 bath.
    • Low-maintenance design with no interior common areas to manage.
    • Tenants cover utilities, boosting profitability for investors.
    • Current rents at $58,860, with potential to reach $96,000 annually.
    • Ideal for investors or owner-occupiers looking for cost-effective living.




    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.
    Listing IDX12571210
    Address37-43 Leonard Avenue
    CityQuinte West, Ontario
    Price$725,000
    Bed / Bath12 / 4 Full
    Style1 Storey/Apt, Fourplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Primary Bedroom - Main Floor, Separate Hydro Meter, Water HeaterOutdoor Features PatioAmenities Level, Place Of Worship, Public Transit, School, Rec./Commun.CentreOwnership FreeholdWaterfront NoneBasement Apartment, Walk-OutFoundation BlockHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 12.00
    ASAP

    Sat

    6

    Dec

    Sun

    7

    Dec

    Mon

    8

    Dec

    Tue

    9

    Dec

    Wed

    10

    Dec

    Thu

    11

    Dec

    Fri

    12

    Dec

    Sat

    13

    Dec

    Sun

    14

    Dec

    Mon

    15

    Dec

    Tue

    16

    Dec

    Wed

    17

    Dec

    Thu

    18

    Dec

    Fri

    19

    Dec

    Sat

    20

    Dec

    Sun

    21

    Dec

    Mon

    22

    Dec

    Tue

    23

    Dec

    Wed

    24

    Dec

    Thu

    25

    Dec

    Fri

    26

    Dec

    Sat

    27

    Dec

    Sun

    28

    Dec

    Mon

    29

    Dec

    Tue

    30

    Dec

    Wed

    31

    Dec

    Thu

    1

    Jan

    Fri

    2

    Jan

    Sat

    3

    Jan

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  RE/MAX JAZZ INC.
    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    370 Joseph Street
    Carleton Place, Ontario.
    6 Beds | 2 Baths
    $514,900
    246044 County Rd 16 Road
    Mono, Ontario.
    5 Beds | 2 Baths
    $1,999,000
    163 Styles Drive
    St. Thomas, Ontario.
    3 Beds | 4 Baths
    $620,900
    165 Styles Drive
    St. Thomas, Ontario.
    3 Beds | 4 Baths
    $620,900
    57 Cocksfield Avenue
    Toronto, Ontario.
    3 Beds | 2 Baths
    $1,650,000
    132 Barrington Avenue
    Toronto, Ontario.
    3 Beds | 3 Baths
    $799,990
    24 Raithby Crescent
    Ajax, Ontario.
    6 Beds | 5 Baths
    $1,175,000
    21 Ashford Street
    Cambridge, Ontario.
    3 Beds | 3 Baths
    $699,900
    23 Hillcrest Avenue
    Brampton, Ontario.
    7 Beds | 7 Baths
    $1,649,980
    Loading...
    37-43 Leonard Avenue
    Quinte West , Ontario
    12 4 $725,000
    Get more info