Homes for sale - 166 West ST, Quinte West, ON K8V 2M7

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Jim Mattice

jim@surehome.ca +1(613) 581-7469

$ 399,900

Est. payment | -/mo

5 Beds

3 Baths

Save

$ 399,900

Est. payment | -/mo

Save

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Trenton Ward

MLS Listing ID X12023503

Style 2-Storey

Bedrooms 5

Building Age 51-99

Annual Tax Amount $2,164

Tax Year 2025

Property Sub-Type Triplex

Property Description

Do you know what's better than a duplex? A triplex! This affordable triplex in the heart of town is a fantastic investment opportunity, offering stable rental income with long-term, established tenants. With three units, ranging from a bachelor apartment to a three-bedroom unit, this fully rented property generates a gross rental income of $25,380 per year. Situated on a spacious corner lot, the property features multiple driveways, a detached double garage with a separate driveway, and multiple entrances for tenant convenience. The exterior is a combination of stucco and vinyl siding, and there is a deck on the north side serving two unit entrances. Unit 1 is a three-bedroom, one-bath unit on the second level, rented for $630/month plus hydro, gas, and water/sewer. The tenant, in place for approximately five years, enjoys gas heat, two parking spaces, laundry facilities (tenant-owned appliances), and exclusive use of the detached garage. Unit 2 is a two-bedroom, one-bath unit on the main level, rented for $850/month plus gas. With two separate entrances and laundry facilities in the foyer, this unit has housed the same tenant for 8 to 9 years. The unit includes gas heat and two parking spaces. Unit 3 is a bachelor apartment in the lower level, rented for $635/month all-inclusive. Featuring an open-concept kitchen, living area, and sleeping space, it is heated with electric baseboard heat. The landlord provides appliances, and the unit has a separate driveway with two parking spots. The tenant has been there for approximately six years. With separate metering for hydro and water (one unit fully independent, two units metered together) and individual hot water tanks for each unit, this self-sustaining property is a smart addition to any investment portfolio, with tenants maintaining lawn care and snow removal. Detailed income and expenses available.

Location

Province ON

County Hastings

Community Trenton Ward

Area Hastings

Zoning R3

Rooms

Family Room No

Basement Apartment, Separate Entrance

Kitchen 3

Interior

Interior Features Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Water Heater

Cooling None

Inclusions Hot Water Tank - Electric

Exterior

Exterior Feature Deck, Year Round Living

Parking Features Private Double

Garage Spaces 2.0

Pool None

View Clear

Roof Type Asphalt Shingle

Lot Frontage 31.46

Lot Depth 100.59

Total Parking Spaces 8

Building

Foundation Stone

Others

Senior Community Yes

ParcelsYN No

Listed by ROYAL LEPAGE PROALLIANCE REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(613) 581-7469

jim@surehome.ca

166 West ST Quinte West, ON K8V 2M7