$624,900
Quinte West
37 Lorne Avenue, Quinte West (Trenton Ward), Ontario, K8V5B4
This multi-family property in Quinte West is for sale offering roughly 2,250 sq ft of space. It has been on the market 30 days, fresher than the Quinte West average of 85 days.
Legal Triplex...Updated and walking distance to downtown Trenton - Lots of parking and ready for your tenant selection. (the smallest unit is currently tenanted) This Triplex has had extensive renovations since 2018. Three levels, three kitchen upgrades with fridge & stove. Each unit also has its own private wooden deck & parking space. (total of 5 are actually on-site). The main floor 1-bedroom unit is very spacious at 1000 sqft (approx) and offers direct access to the shared laundry room & dog washing area. The 2nd floor is a 3-bedroom unit with 1100 sqft (approx) and spacious updated kitchen. The 3rd floor 1-bedroom unit with 575 sq ft (approx) was completely rebuilt with a modern kitchen in 2020, also with a private deck. Separate hydro meters and water meters. currently services 1st & 2nd floor units. The 1-bedroom loft is heated with electric baseboard. The basement is clean and has plenty of storage space and hook up for an extra washer/dryer with its own meter for both water and hydro. UPDATES: Gas furnace-2018, Re-shingled-2016, Doors & Vinyl Windows-2020, A/C-2026, Decking & Outdoor Stairs-2020, 3rd Floor Apartment-2020, Re-painted-2020, Refreshed Front Porch-2026, Retro-fitted 200amp meterbase to 400amp base to supply each unit 100amp service-2020, Hardwired Fire Safety Alarms-2020. Currently only unit 3 is rented...ready for market priced tenants. Potential income on this building is excellent. *Be sure to check out our virtual walkthrough on Realtor.ca or on our website!* (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 30 days on market, against an average age of 85 days across the listings currently for sale in this city
This 5-bed multi-family in Quinte West (Trenton Ward) has been listed for 30 days, which is 55 days fresher than the city average of 85. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $624,900, about 8.2× the local median household income of $76,500.
Carrying it typically needs a household income of about $122,065 (20% down, 25-yr amortization, stress-tested) — roughly 60% above the area median.
Source: Statistics Canada, 2021 Census (FSA K8V)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.