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$1,400,000
Quinte West
540 Old Hwy 2, Quinte West (Sidney Ward), Ontario, K8V5P5
This multi-family property in Quinte West is for sale offering roughly 7,350 sq ft of space.
This turnkey investment property features two fully leased buildings with strong, consistent income potential. Building 1 includes seven residential units and one commercial space, offering an attractive mix of revenue streams. The residential component consists of four spacious two-bedroom apartments and three one-bedroom apartments, appealing to a broad tenant base. The commercial unit features an approximately 800 sq ft. garage/workshop, adding valuable commercial income potential. Building 2 offers two additional residential units, including a bright ground-floor two-bedroom apartment and a well-appointed two-bedroom basement apartment. With dependable tenants already in place and a balanced mix of residential and commercial occupancy, this property represents an excellent opportunity for investors seeking stable cash flow and long-term portfolio growth. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 180 days on market, against an average age of 78 days across the listings currently for sale in this city
This 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 $1,400,000, about 18.3× the local median household income of $76,500.
Carrying it typically needs a household income of about $273,469 (20% down, 25-yr amortization, stress-tested) — roughly 257% above the area median.
Source: Statistics Canada, 2021 Census (FSA K8V)
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Loading rates, 30-yr amortization
Cash Needed to Close
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