527 Front Street

If you’re on the lookout for an exceptional investment opportunity, look no further than this Multi-Family Home for sale in Quinte West . Nestled at 527 Front Street, Quinte West, this remarkable property is situated in the Trenton Ward of Hastings and is designed to generate income while providing comfortable living spaces. This bungalow-style multiplex boasts a unique layout that is perfect for investors seeking a reliable source of rental income.

This Multi-Family Home for sale in Quinte West features a total of six rooms, including two spacious bedrooms and a den, alongside four bathrooms and not one, but two kitchens. This setup is ideal for those looking to maximise rental potential, as it allows for flexible living arrangements. The property is unoccupied, providing a blank canvas for the new owner to make their mark. The exterior is clad in stucco, giving it a charming and durable finish that stands the test of time.

The layout of 527 Front Street, Quinte West, is particularly appealing, with a finished basement that includes a walk-out and a separate entrance. This feature not only adds to the overall functionality of the property but also enhances its appeal to potential tenants. The lot measures 37 X 119 feet, and while there is no garage, the private driveway accommodates up to four parking spaces, ensuring that tenants have ample room for their vehicles.

While this Multi-Family Home for sale in Quinte West does not come with air conditioning or a central vacuum system, it does benefit from municipal water and sewer services, ensuring that essential utilities are readily available. The heating is provided by a forced air system, which is efficient and effective for maintaining a comfortable living environment. Although there is no pool or fireplace, the property is equipped with internet access, catering to the needs of modern tenants.

The absence of additional features means that the focus remains on the core aspects of the property, allowing for straightforward management and maintenance. The age of the building, being between 31 to 50 years, adds character and charm, while the finished basement offers additional living space that can be utilised in various ways.

Investors will appreciate the strong tenant profile associated with this Multi-Family Home for sale in Quinte West. With several long-term residents who take pride in their homes, the property is not only a sound investment but also a community-oriented environment. The potential for rental income is significant, with each unit designed to maximise space and comfort.

In summary, 527 Front Street, Quinte West, presents an outstanding opportunity for investors looking to secure a dependable income-generating property. The combination of two kitchens, four bathrooms, and a well-thought-out layout makes this bungalow-style multiplex a desirable option in the rental market. With the added benefit of a finished basement and a separate entrance, the property provides flexibility and convenience for tenants.

Don’t miss out on this Multi-Family Home for sale in Quinte West. It’s a chance to invest in a property that not only offers substantial income potential but also the opportunity to be part of a thriving community. For further details, including an income statement available upon request, be sure to visit my website. This is your opportunity to secure a remarkable investment at 527 Front Street, Quinte West. Act now, as properties like this are rare to come by!

Trenton Ward, nestled within the city of Quinte West, offers a charming blend of small-town warmth and natural beauty, making it an inviting place for potential residents. This picturesque area is characterised by its scenic landscapes, including the serene waters of the Bay of Quinte and lush green parks, perfect for outdoor enthusiasts. The Ward boasts a rich history, evident in its quaint architecture and local heritage sites, while also providing modern amenities and services that cater to everyday needs. With a strong sense of community spirit, Trenton Ward is an ideal location for those seeking a peaceful yet vibrant environment, where neighbours know each other and the pace of life is refreshingly relaxed.

Schools in the Neighbourhood

This property is ideally situated near several reputable schools, making it an excellent choice for families. Within a short distance, you'll find Prince Charles School, a public elementary school offering grades JK to 8, just 0.9 km away, rated 5. Additionally, St. Michael Catholic School, located only 0.3 km from the property, provides a nurturing environment for K to 8 students, with a rating of 5.2. For secondary education, Centennial Secondary School is 2.0 km away, serving grades 7 to 12 with a solid rating of 5.5. Nearby, Nicholson Catholic College, also just 0.3 km away, caters to high school students from grades 9 to 12, boasting a rating of 5.5. Furthermore, Harry J. Clarke Public School, located 2.4 km away, offers French language instruction for grades 4 to 8 and has a commendable rating of 5.7. This diverse selection of schools, both public and Catholic, ensures that families have access to quality education options within a convenient distance, enhancing the appeal of this property for potential buyers.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, diverse community with a population of 537 residents as of 2021. The average household consists of 1.6 individuals, and the predominant age is 43.1 years. The average household income stands at $56,400, with a notable 26.4% of the population classified as low-income. A significant portion of the community, 61.62%, is single, while only 16.67% of households include children. The area has a relatively low immigrant population at 2.91%, and a high percentage of renters, comprising 74.19% of households, with condos making up 25.81% of the housing market. Educational attainment is relatively high, with 42.71% of residents holding a college or university degree. However, a considerable portion of the population, also at 42.71%, is not actively participating in the labor force. The average property price in the area is $430,000, reflecting the local real estate market's dynamics. Overall, this community presents a blend of educational achievement and economic challenges, with a predominantly rental market and a mature demographic profile.