17 Spring Street

Introducing a remarkable opportunity: a Multi-Family Home for sale in Quinte West , located at 17 Spring Street, Quinte West. This exceptional property is a well-maintained multiplex that boasts a proud history of ownership and offers a unique blend of solid construction, low maintenance, and significant long-term potential. Set within the Trenton Ward of Hastings, this two-storey building features a combination of vinyl siding and brick, ensuring both durability and aesthetic appeal.

This Multi-Family Home for sale in Quinte West comprises a total of six bedrooms and four bathrooms, making it an ideal investment for those seeking a property with ample living space. The layout includes four kitchens, which cater to the needs of the residents, allowing for independent living arrangements. Each unit is separately metered for hydro and water, with tenants responsible for their own usage, which adds to the efficiency of this investment. The property is equipped with separate hot water tanks and on-site coin laundry facilities, enhancing its appeal as a manageable asset.

The building is situated on a generous lot measuring 66 by 132 feet, providing plenty of outdoor space for the residents. Although there is no pool or garage, the property offers parking for up to five vehicles, ensuring that residents have convenient access to their cars. The absence of a central vacuum system and a family room does not detract from the overall functionality of the property, as it has been designed with practicality in mind.

One of the standout features of this Multi-Family Home for sale in Quinte West is its recent upgrades. A metal roof was installed approximately two years ago, reflecting the owner's commitment to maintaining the property to a high standard. The building's age of over 100 years adds character and charm, while the unfinished walk-out basement presents opportunities for further development or storage.

The location of 17 Spring Street, Quinte West, is truly prime. Nestled in a walkable area, the property is just steps away from essential amenities, including Trenton Memorial Hospital, a variety of downtown shops, grocery stores, restaurants, banks, and the Quinte West Public Library. The proximity to CFB Trenton, which is only a 10-minute drive away, further enhances the appeal of this investment, making it attractive to a diverse range of potential tenants.

Investors will appreciate the clean and well-run nature of this multi-family asset, which is situated in a growing community. The combination of solid construction, low maintenance requirements, and the potential for long-term appreciation makes this Multi-Family Home for sale in Quinte West an excellent choice for those looking to acquire a stable property that is ready for immediate occupancy.

In summary, 17 Spring Street, Quinte West, presents an outstanding opportunity for investors seeking a turnkey property in a desirable location. With its ideal unit mix, efficient management features, and a prime location close to essential services, this Multi-Family Home for sale in Quinte West is not to be missed. Whether you are an experienced investor or new to the property market, this multiplex offers the potential for significant returns and a secure investment in a thriving community. Don't miss out on this exceptional opportunity to own a piece of Quinte West real estate.

Trenton Ward, nestled within the charming city of Quinte West, offers a picturesque blend of natural beauty and small-town charm. This vibrant geographic area is characterised by its lush landscapes, including the scenic Bay of Quinte, which provides ample opportunities for outdoor activities such as boating and fishing. The ward boasts a rich history, evident in its well-preserved heritage buildings and friendly neighbourhoods. With a variety of local amenities, including shops, parks, and schools, Trenton Ward is an inviting place for families and individuals alike, fostering a sense of belonging while still being conveniently located near larger urban centres. Whether you're drawn by the community spirit or the stunning surroundings, Trenton Ward presents an ideal setting for a fulfilling lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 1 kilometer, you'll find Prince Charles Public School, an English-language elementary school rated 4, and Trenton High School, which serves grades 7 to 12 with a rating of 2.8. For younger children, St. Peter Catholic School, rated 5.2, and St. Mary Catholic School, rated 4.8, are both within 1.6 kilometers and offer a strong Catholic education. Additionally, Murray Centennial Public School, located 2.7 kilometers away, provides French-language instruction for grades JK to 8, although it currently has a lower rating of 0. St. Paul Catholic Secondary School, also nearby at 1.5 kilometers, offers grades 7 to 8 with a commendable rating of 5.6. Overall, the area boasts a mix of public and Catholic schools, providing a variety of educational options in both English and French, ensuring that families have access to quality education within a short distance from their new home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 504 residents, with an average household size of 2.2 individuals. The community has a median age of 40.1 years, indicating a mature population. The average household income stands at $66,500, with 20% of the population classified as low-income. The real estate market reflects an average property price of $420,000, appealing to a diverse range of buyers. Notably, 56.1% of the residents are single, while 32.14% of households include children, suggesting a mix of family structures. The area has a significant proportion of renters, at 63.83%, and there are no condominiums available, indicating a preference for other housing types. Additionally, 8.08% of the population are immigrants, contributing to the area's cultural diversity. Education levels are relatively high, with 30.34% of residents holding a college or university degree. However, a substantial 52.81% of the population is not in the labor force, which may impact local economic activity. Overall, this demographic snapshot highlights a community with a blend of young families, singles, and a significant rental market, alongside educational aspirations and economic challenges.