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12 RICHARD STREET
Quinte West Ontario , K8V1V1 , Canada
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Jason Ballas
Agent
Sales Representative
Phone: 613.394.4837

Royal LePage ProAlliance Realty
Brokerage:
253 DUNDAS STREET EAST
Trenton, ON
K8V 1M1
Phone: 613.394.4837
Fax: 613.394.2897
/jumplisting/rlp/images/logo/rlp_logo_sm.gif

Rochelle Ballas
Agent Photo
Sales Representative
Phone: 613.394.4837

Brokerage:
Royal LePage ProAlliance Realty
253 DUNDAS STREET EAST
Trenton, ON
K8V 1M1
Phone: 613.394.4837
Fax: 613.394.2897
$449,900.00
MLS® X9045416
House : Single Family Dwelling
Lot Frontage: 43.2 Feet
Lot Depth: 100.0 Feet
Lot Size: 43.2 x 100 FT
No. of Parking Spaces: 2
Total Bedrooms: 4
Total Bathrooms: 2
Half Bathrooms: 1
Zoning: R3
Remarks:
Lets talk about this versatile property, suitable for owners or investors alike. This is a fully detached building that includes BOTH halves of semi-detached units under one ownership. This property represents tremendous value as either a single-family home or as investment property. It allows you several options. OPTION 1. Live in one side and let the other unit help pay your mortgage. OPTION 2. Live in one side & have a family member reside next door in the other semi-detached unit. OPTION 3. Open up a dividing wall and live in the entire building. OPTION 4. Purchase as an investment property bringing you $43,200 of Gross Rental Income & a 8.71% CAP RATE. AMAZING RETURN ON INVESTMENT. Brick & stucco side-by-side dwellings. One unit fully occupied & the other unit recently empty. Ready for the next owner to choose their occupancy options or investors can pick their own tenant & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is vacant & ready for the open market. This bungalow layout has 2 bdrms, 1 bath, formal living rm & dining rms, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: hdwd flooring, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Affordable place to call home, or great addition to your investment portfolio. **** EXTRAS **** Gross rental income $43,000. Expenses $4008.26. Net Operating Income $39,191.74. Financial numbers available, showing income and expenses. Gross annual rent is calculated based on a projected monthly rent for the vacant unit of $2000++. (id:7525)

Property Features:
  • Amenities Nearby: Hospital , Marina , Park , Schools
  • Fence Type: Fenced yard
  • OwnershipType: Freehold
  • Property Type: Single Family
  • Sewer: Sanitary sewer
  • Utility Type: Sewer - Installed
  • Utility Type: Cable - Available
Building Features:
  • Basement Development: Unfinished
  • Basement Type: Full
  • Building Type: House
  • Construction Style - Attachment: Detached
  • Cooling Type: Central air conditioning
  • Exterior Finish: Brick , Stucco
  • Foundation Type: Poured Concrete
  • Heating Fuel: Natural gas
  • Heating Type: Forced air
Rooms:
  • 2nd Bedroom
    • 2nd Level 4.14 m x 2.13 m
  • Primary Bedroom
    • 2nd Level 5.03 m x 3.40 m
  • Kitchen
    • Main Level 3.25 m x 2.59 m
  • Dining
    • Main Level 3.45 m x 4.34 m
  • Living
    • Main Level 5.41 m x 3.48 m
  • 3rd Bedroom
    • Main Level 3.58 m x 3.00 m
  • Living
    • Main Level 5.79 m x 3.56 m
  • 4th Bedroom
    • Main Level 3.58 m x 2.90 m
  • Dining
    • Main Level 3.53 m x 2.92 m
  • Kitchen
    • Main Level 3.45 m x 3.50 m
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All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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