135 Reid Street

Introducing an exceptional opportunity to acquire a house for sale in Quinte West , specifically located at 135 Reid Street, Quinte West. This versatile bungalow is situated in a sought-after Trenton Ward subdivision, making it ideal for a variety of living arrangements, including multi-generational living, generating rental income, or simply residing in one unit while renting out the other.

This detached house boasts a total of six rooms, comprising three bedrooms and two additional rooms, which can serve as a den or home office. The property features a well-designed layout, currently configured as two separate units, each with its own private entrance. This configuration provides remarkable flexibility and strong income potential, making it a compelling choice for savvy investors.

The upper unit is a spacious three-bedroom accommodation that has been rented since September 2022 to reliable month-to-month tenants at a rate of $2,150 per month, all-inclusive. This unit features an inviting L-shaped living and dining area, enhanced by a large picture window that floods the space with natural light. Additionally, it includes stackable laundry facilities and a four-piece bathroom complete with a deep soaker tub, ensuring comfort and convenience for its occupants.

The lower unit, a renovated two-bedroom space, was previously rented for $1,750 per month, also on an all-inclusive basis. Currently vacant, this unit is ready for new occupants or can be utilised by the owner. It showcases updated finishes, including an eat-in kitchen adorned with white cabinetry and appliances, a modern four-piece bathroom, and stylish vinyl plank flooring. Each unit is equipped with its own laundry facilities, enhancing the appeal of this house for sale in Quinte West.

The property sits on a generous lot measuring 60 x 83 feet and is less than half an acre in size. Although there is no pool or garage space, the house features a private double driveway that accommodates parking for up to four vehicles, making it convenient for residents and guests alike. The exterior is clad in durable vinyl siding, ensuring low maintenance, while the roof is constructed from metal, providing longevity and resilience.

For those concerned about comfort throughout the seasons, the house is equipped with a forced air heating system, complemented by central air conditioning for those warmer months. The property is connected to municipal water and sewer services, ensuring reliable utilities. Additionally, high-speed internet access is available, catering to the needs of modern living.

Outside, the partially fenced yard offers a pleasant outdoor space, perfect for relaxation or entertaining. A patio area and a storage shed provide added functionality to the property. Tenants are responsible for lawn maintenance and snow removal, which adds to the ease of ownership.

With a potential gross annual income of £46,800, the financials of this house for sale in Quinte West are quite appealing, particularly given the affordability of the home. Income and expense statements are readily available for review, making it easier for prospective buyers to assess the investment potential.

In summary, 135 Reid Street, Quinte West, presents a smart investment opportunity with multiple living and rental possibilities. This bungalow is not just a house; it is a versatile property that can adapt to various needs, whether for personal use or as a rental investment. Don't miss out on this chance to own a house for sale in Quinte West that offers both comfort and financial potential.

Trenton Ward, nestled within the charming city of Quinte West, offers a delightful blend of small-town charm and natural beauty. This picturesque area is characterised by its scenic waterfront along the Bay of Quinte, providing residents with stunning views and ample opportunities for outdoor activities such as boating, fishing, and leisurely strolls along the shore. The ward boasts a rich history, evident in its quaint architecture and local heritage sites, while also featuring modern amenities, including shops, cafes, and recreational facilities. With a welcoming atmosphere and a strong sense of community spirit, Trenton Ward is an ideal place for those seeking a tranquil yet vibrant lifestyle in a beautiful setting.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is V.P. Carswell Elementary School, just 0.3 km away, offering grades JK to 6 with a commendable school rating of 8.3, under the Hastings and Prince Edward District School Board. For older students, Trenton High School is located 3.4 km away, catering to grades 7 to 12, though it has a lower rating of 2.8. Additionally, Murray Centennial Public School, which provides French instruction for grades JK to 8, is 4.6 km from the property, but it currently has a rating of 0. St. Mary Catholic School, located 2.0 km away, offers both English and French instruction for grades JK to 6 and has a rating of 4.8. For secondary education, St. Paul Catholic Secondary School is 4.0 km away, serving grades 7 to 8 with a rating of 5.6. Overall, this area offers a mix of educational options, with a strong emphasis on early education and a variety of language programs.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 389 residents, with an average household size of 2.8 individuals. The demographic profile reveals an average age of 41.5 years and a robust average household income of $106,000. Notably, only 3.6% of the population falls under the low-income category, indicating a relatively affluent community. The average property price in the area is approximately $400,000, reflecting the economic stability of the region. The community is diverse, with 10.39% of residents being immigrants, and 44% of households include children, highlighting a family-friendly environment. A significant portion of the population, 34.38%, is single, while a notable 46.27% possess a college or university education, suggesting a well-educated populace. Interestingly, there are no renters or condominiums in the area, which may indicate a preference for homeownership among residents. However, 44.78% of the population is not in the labor force, which could be a point of consideration for potential buyers. Overall, this demographic snapshot portrays a stable, educated, and family-oriented community with a strong economic foundation.