166 West Street Quinte West, Ontario K8V 2M7

$375,000

Why settle for a duplex when you can invest in a triplex? This affordable income-generating property in the heart of town represents a smart move for any investor. Fully tenanted with long-term, reliable renters, this well-maintained triplex brings in a solid gross annual income of $25,380 & offers a mix of units to appeal to a variety of renters from a cozy bachelor suite to a spacious three-bedroom. Set on a generous corner lot, the property boasts multiple driveways, a detached double garage with private access, & separate entrances for added convenience. The exterior is finished in a combination of stucco & vinyl siding, with a shared deck on the north side providing access to two of the units. Unit 1 is a three-bedroom, one-bath upper-level unit, rented at $630/month plus utilities. The tenant has called this home for about five years & enjoys gas heating, two parking spaces, in-unit laundry (tenant-owned appliances), & exclusive use of the detached garage. Unit 2 is a two-bedroom, one-bath main-level unit rented at $850/month plus gas. With two private entrances & laundry located in the foyer, this unit has been home to the same tenant for approx. 9 years. It also includes gas heating & two dedicated parking spaces. Unit 3, located on the lower level, is a tidy bachelor apartment featuring an open-concept layout with kitchen, living, & sleeping areas. It's rented at $635/month all-inclusive, heated with electric baseboard, & includes appliances provided by the landlord. The unit has a private driveway & two parking spots, & the tenant has been in place for six years. The property features separate metering for hydro & water (one unit fully separate, two share a meter), & individual hot water tanks for each unit. Best of all, tenants handle their own lawn care & snow removal, making this a low-maintenance addition to your real estate portfolio. Detailed income & expense information is available don't miss out on this turn-key investment opportunity! (id:59743)

Property Details

MLS® Number	X12256571
Property Type	Multi-family
Community Name	Trenton Ward
Amenities Near By	Hospital, Park, Public Transit, Schools
Community Features	Community Centre
Equipment Type	Water Heater - Gas
Features	Level Lot, Irregular Lot Size, Level
Parking Space Total	8
Rental Equipment Type	Water Heater - Gas
Structure	Deck

Building

Bathroom Total	3
Bedrooms Above Ground	5
Bedrooms Below Ground	1
Bedrooms Total	6
Age	51 To 99 Years
Amenities	Separate Heating Controls, Separate Electricity Meters
Appliances	Water Heater, Water Meter
Basement Features	Apartment In Basement, Separate Entrance
Basement Type	N/a
Exterior Finish	Vinyl Siding, Stucco
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Other
Stories Total	2
Size Interior	1,500 - 2,000 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

Detached Garage
Garage

Land

Acreage	No
Land Amenities	Hospital, Park, Public Transit, Schools
Sewer	Sanitary Sewer
Size Depth	100 Ft ,7 In
Size Frontage	31 Ft ,6 In
Size Irregular	31.5 X 100.6 Ft ; Back Corner Cut Off 125.01 Long Side
Size Total Text	31.5 X 100.6 Ft ; Back Corner Cut Off 125.01 Long Side|under 1/2 Acre
Zoning Description	R3

Utilities

Cable	Available
Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/28545567/166-west-street-quinte-west-trenton-ward-trenton-ward