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$464,900
Quinte West
370 MEYERS CREEK Road, Quinte West (Sidney Ward), Ontario, K8V5P8
This multi-family property in Quinte West is for sale offering roughly 2,250 sq ft of space.
Turnkey duplex investment opportunity! Whether you are looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained duplex is an excellent opportunity. Currently generating $42,000 in annual gross rental income, this property offers immediate cash flow with 2 self-contained units and a strong investment profile. The property features 2 spacious 3-bedroom units, ample parking, separate living spaces, and a low-maintenance lot. Located on a spacious rural lot in a desirable area close to CFB Trenton, schools, shopping, parks, and everyday amenities, it appeals to both tenants and future homeowners alike. With a 5.97% cap rate at the asking price, this income-producing property offers positive cash flow potential and long-term upside. Whether you're a seasoned investor or entering the rental market for the first time, this is an opportunity you will not want to miss. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 106 days on market, against an average age of 79 days across the listings currently for sale in this city
This 6-bed multi-family in Quinte West (Sidney Ward) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $464,900, about 6.1× the local median household income of $76,500.
Carrying it typically needs a household income of about $90,811 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.
Source: Statistics Canada, 2021 Census (FSA K8V)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
