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

    Est payment $3,313/mo
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    Time on Jump  61 day

    AI Summary *

    • Purpose-built four-plex with 3 bedrooms and 1 bath in each unit.
    • Large corner lot designed for low-maintenance ownership and parking.
    • Current cash-flow positive property with substantial rental upside potential.
    • Tenants cover all utilities, simplifying management for the owner.
    • Renovated unit demonstrating strong rental income potential.




    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. As 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 expense. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential.
    Listing IDX13620502
    Address37-43 Leonard Avenue
    CityQuinte West, Ontario
    Price$690,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Recreation/Community CentreBasement 1Heating / Cooling Gas Hot WaterSewer Sanitary

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    Listing Brokerage: 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
    $690,000
    Get more info