166 West Street

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Quinte West ! Nestled at 166 West Street, Quinte West, this charming multiplex is not just a property; it’s a smart move for any savvy investor. Why settle for a duplex when you can own a triplex? This well-maintained building, located in the Trenton Ward of Hastings, boasts a solid gross annual income of £25,980, making it an ideal addition to your real estate portfolio.

The property itself is a two-storey building, elegantly finished with a combination of vinyl siding and stucco, which gives it a modern yet classic appeal. Set on a generous corner lot measuring 31 X 101 feet, this Multi-Family Home for sale in Quinte West offers ample space and convenience. With a private double driveway and a detached garage that accommodates two vehicles, parking is never an issue. The property also features separate entrances for each unit, ensuring privacy for all tenants.

Inside, this triplex comprises a total of 11 rooms, including five bedrooms and three bathrooms. The layout is designed to cater to a variety of renters, making it an attractive option for those looking for a place to call home. The property includes two kitchens, which is a significant advantage for multi-family living. Each unit is fully tenanted with long-term, reliable renters, ensuring a steady income stream.

Let’s break down the units. Unit 1 is a spacious three-bedroom, one-bath upper-level unit, currently rented at £645 per month plus utilities. This tenant has made this lovely space their home for about five years, enjoying the benefits of gas heating, in-unit laundry (with tenant-owned appliances), and exclusive use of the detached garage. It’s a perfect fit for families or groups looking for a comfortable living arrangement.

Unit 2 is a delightful two-bedroom, one-bath main-level unit, rented at £870 per month plus gas. This unit has been home to the same tenant for approximately nine years, highlighting the desirability of the location. With two private entrances and laundry facilities located in the foyer, it’s both convenient and practical. This unit also benefits from gas heating and two dedicated parking spaces, making it a sought-after option for renters.

Lastly, Unit 3 is a tidy bachelor apartment located on the lower level. This open-concept space features kitchen, living, and sleeping areas, all for £650 per month, inclusive of utilities. Heated with electric baseboard, this unit includes appliances provided by the landlord and has its own private driveway with two parking spots. The tenant has been in place for six years, showcasing the appeal of this Multi-Family Home for sale in Quinte West.

One of the standout features of this property is the separate metering for hydro and water, with one unit fully separate and two sharing a meter. Each unit has its own hot water tank, which is a significant advantage for tenants. Best of all, tenants are responsible for their own lawn care and snow removal, making this a low-maintenance investment for you.

Located at 166 West Street, Quinte West, this Multi-Family Home for sale in Quinte West is an exceptional opportunity that you won’t want to miss. Detailed income and expense information is available, so you can see just how lucrative this investment can be. Whether you’re an experienced investor or just starting out, this property is a turn-key solution that promises to deliver returns for years to come. Don’t let this chance slip away—seize the opportunity to own a piece of Quinte West real estate today!

Trenton Ward, nestled within the charming city of Quinte West, offers a picturesque blend of small-town charm and natural beauty. This inviting area is characterised by its scenic landscapes, including the serene banks of the Bay of Quinte, which provide ample opportunities for outdoor activities such as fishing, boating, and hiking. With a variety of local amenities, including shops, parks, and community facilities, Trenton Ward fosters a sense of belonging while ensuring residents have easy access to essential services. The friendly atmosphere, coupled with a rich history and vibrant community events, makes Trenton Ward an appealing choice for those seeking a tranquil yet engaging place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions catering to various age groups and educational preferences. The closest option is Trent River Public School, an English-language elementary school offering grades JK to 6, situated just 0.7 km away, with a school rating of 2.5. For older students, Trenton High School, also a public institution, is located 2.2 km from the property, serving grades 7 to 12 with a rating of 2.8. Additionally, Murray Centennial Public School, a French-language elementary school for grades JK to 8, is 3.5 km away but has a lower rating of 0. On the Catholic education front, St. Mary Catholic School, offering both English and French instruction for grades JK to 6, is only 1.4 km away and boasts an impressive rating of 4.8. Lastly, St. Paul Catholic Secondary School, located 2.8 km away, provides education for grades 7 to 8 in French and has a notable rating of 5.6. Overall, the area offers a mix of public and Catholic schools, ensuring a variety of educational options for families considering this property.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 402 residents as of 2021. The average household size is 2.3, with a significant portion of the population being single, accounting for 54.55%. The average age in the area is 38.6 years, suggesting a relatively mature demographic. The average household income stands at $69,500, although nearly 29.6% of the population is classified as low-income. The housing market shows an average property price of $350,000, with a notable 60% of residents renting their homes, indicating a strong rental market. Households with children make up 25% of the community, while 4.94% of the population consists of immigrants. Educational attainment is moderate, with 29.58% holding a college or university degree. However, a significant portion of the population, 47.89%, is not in the labor force, which may reflect various socio-economic factors. The area does not have any condominiums, suggesting a focus on other types of housing. Overall, this community presents a blend of young families, singles, and a diverse income range, making it a unique place to consider for potential homebuyers or investors.