263 Dundas Street W

Introducing an exceptional investment opportunity: a Multi-Family Home for sale in Quinte West , located at 263 Dundas Street W W, Quinte West. This remarkable property is situated in the desirable Trenton Ward, just minutes from the vibrant downtown core, making it an ideal choice for those seeking a lucrative investment in Hastings.

This fully legal multiplex, constructed in 1910, boasts over 4,000 square feet of finished living space, seamlessly blending historic charm with modern upgrades. The building style is a distinguished 2 1/2 storey, featuring an exterior of aluminium siding that not only enhances its curb appeal but also ensures durability. With a generous total of six bedrooms and four bathrooms across its four residential units, this Multi-Family Home for sale in Quinte West is perfect for accommodating multiple families or tenants.

The property comprises four spacious residential units: two ground-floor apartments and two upper-level suites. One of the upper units is particularly noteworthy, as it is a unique two-storey, two-bedroom apartment that includes a den and two additional rooms located on the third level. This flexible living space is ideal for a home office or could serve as extra accommodation, showcasing the versatility of this Multi-Family Home for sale in Quinte West.

Three of the four units have been fully renovated, featuring updated kitchens and bathrooms, modern plumbing and electrical systems, and newer windows throughout most of the property. The original character of the building has been thoughtfully preserved, with high ceilings, original hardwood flooring in excellent condition, wood wainscoting and trim, oversized principal rooms, pocket and double doors, and classic baseboards. These features contribute to the property's historic charm while ensuring modern comfort for tenants.

Key building upgrades include a newer natural gas boiler system for efficient heating, two rented natural gas hot water tanks, and an updated 200-amp electrical breaker panel. The roof has been fitted with newer shingles and downspouts, ensuring that the property remains in excellent condition. Additionally, the unfinished basement is half above ground and features a walkout, with rough-in plumbing that presents the potential for a coin-operated laundry to generate additional income.

Parking is abundant, with a private driveway offering space for six vehicles at the rear of the property. This is a significant advantage for tenants, enhancing the appeal of this Multi-Family Home for sale in Quinte West. Currently, three of the four units are tenanted, while one large, fully renovated two-bedroom unit is vacant, providing the opportunity for new owners to set their own rent. All current leases are all-inclusive, with one long-term tenant already in place, making this a hassle-free investment.

The financials for this property are available upon request, and with a projected cap rate of 7.5% at the current asking price, this Multi-Family Home for sale in Quinte West represents an outstanding investment opportunity. The property is situated on a sizeable lot measuring 66 X 132 feet, with additional land of less than 0.50 acres, providing ample space for future development or enhancement.

In summary, 263 Dundas Street W W, Quinte West, offers a unique blend of historic charm and modern upgrades, making it an ideal investment for those looking to enter the rental market. With its spacious units, excellent location, and strong financial potential, this Multi-Family Home for sale in Quinte West is not to be missed. Take advantage of this opportunity to secure a property that promises both immediate returns and long-term growth in a thriving community.

Trenton Ward, nestled within the city of Quinte West, offers a charming blend of small-town warmth and natural beauty, making it an appealing choice for prospective residents. This picturesque area is characterised by its scenic landscapes, including the stunning 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 architecture and vibrant local culture, while also featuring modern amenities such as shops, schools, and parks. With a welcoming atmosphere and a strong sense of community spirit, Trenton Ward is an ideal place for those seeking a tranquil yet engaging lifestyle, surrounded by the splendour of Ontario's countryside.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.7 km, Prince Charles Public School offers an English-language elementary education for grades JK to 6 and boasts a solid school rating of 4. For older students, Trenton High School is only 0.6 km away, providing grades 7 to 12, although it has a lower rating of 2.8. Families seeking a French-language education can consider Murray Centennial Public School, located 2.5 km away, though it currently has a rating of 0. Nearby, St. Peter Catholic School, also within 1.1 km, provides an excellent Catholic education for grades K to 6, with a commendable rating of 5.2. St. Mary Catholic School, 2.0 km from the property, offers a French-language curriculum for JK to 6 and has a strong rating of 4.8. Lastly, St. Paul Catholic Secondary School, also 1.1 km away, caters to grades 7 to 8 and has a notable rating of 5.6. Overall, the area offers a diverse range of educational options, ensuring that families have access to quality schooling close to home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 547 residents, with an average household size of 2.1 individuals. The community is characterized by an average age of 49.8 years and a household income averaging $63,200. Notably, 14.8% of the population falls within the low-income bracket. The average property price in the area is approximately $365,000, reflecting the local real estate market dynamics. The demographic composition shows that 56.99% of the population is single, while 33.33% of households include children, indicating a mix of family structures. Additionally, 48.89% of residents are renters, and there are no condominiums in the area, suggesting a predominance of single-family homes. The community also has a small immigrant population, comprising 6.74%. Educational attainment is relatively high, with 39.73% of residents holding a college or university degree. However, a significant portion of the population, 52.05%, is not in the labor force, which may impact the local economy and housing demand. Overall, this demographic profile indicates a mature, diverse community with a balance of family and single residents, alongside a notable rental market.