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

    Est payment $3,313/mo
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    Views   4
    Time on Jump  56 day

    AI Summary *

    • Rare four-plex with each unit featuring 3 bedrooms and 1 bath.
    • Low-maintenance property with no interior common areas to manage.
    • Each unit has dedicated parking for up to 3 vehicles.
    • Current annual rents provide positive cash flow with rental upside.
    • Ideal for investors or owner-occupiers to offset living costs.




    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 IDX13620482
    Address37-43 Leonard Avenue
    CityQuinte West, Ontario
    Price$690,000
    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

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    Listing Agency:  RE/MAX Jazz 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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    37-43 Leonard Avenue
    Quinte West , Ontario
    12 4 $690,000
    Get more info