370 MEYERS CREEK Road, Quinte West, ON K8V 5P8
- $499,900
- 6
- BD
- 2
- BA
- 2,000
- SqFt
- List Price
- $499,900
- Price Change
- ▼ $20,000 1785864859
- MLS#
- X13589488
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Duplex
- Style
- Bungalow
- Bedrooms
- 6
- Bathrooms
- 2
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Quinte West
- Area
- Hastings
- Neighborhood
- Sidney Ward
- Subdivision
- Old Highway 2 To Whites Road To Meyers Creek Road.
Property Description
Turnkey duplex investment opportunity! Whether you are looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained duplex is an excellent opportunity. Currently generating $42,000 in annual gross rental income, this property offers immediate cash flow with 2 self-contained units and a strong investment profile. The property features 2 spacious 3-bedroom units, ample parking, separate living spaces, and a low-maintenance lot. Located on a spacious rural lot in a desirable area close to CFB Trenton, schools, shopping, parks, and everyday amenities, it appeals to both tenants and future homeowners alike. With a 5.97% cap rate at the asking price, this income-producing property offers positive cash flow potential and long-term upside. Whether you're a seasoned investor or entering the rental market for the first time, this is an opportunity you will not want to miss.
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Additional Information
- Taxes
- $3,364
- Water
- Drilled Well
- Heat Type
- Forced Air
- Heat Source
- Propane
- Air Conditioning
- Window Unit(s)
- Kitchens
- 2
- Exterior
- Aluminum Siding, Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 6
- Parking Type
- Private, Other
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Listing courtesy of EXP REALTY, BROKERAGE.