188 Henry Street,Quinte West, ON K8V 5L3
Quinte West, ON K8V 5L3
Description
Must be sold together with 28 McColl St, MLS #X13140164. Great Investment Opportunity in Trenton. Some VTB possible. 188 Henry St has four 2-bedroom units and two 1-bedroom unit. These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with some units renovated. Numerous capital improvements have been completed in recent years, including electrical, windows, roofing and front doors. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds available for additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.
Details
| MLS # | X13140160 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 99 |
| Listing Provided By | RE/MAX REALTRON REALTY INC. | X13140160 498500 |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.15 |
Interior
| Interior Features | Water Heater, Water Heater Owned, Water Meter |
|---|---|
| Lease To Own Equipment | None |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6781 |
|---|---|
| Tax Legal Description | PT LT 3 W/S PURDY ST PL 240 MURRAY AS IN QR184491; T/W QR184491; QUINTE WEST ; COUNTY OF HASTINGS |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Hastings |
| City | Quinte West |
| Postal Code | K8V 5L3 |
| Area | Trenton Ward |
| Listing VS Median (in K8V 5L3) | |
Price: $939,500 low | high Med: $1,989,000 On site: 99 low | high Med: 124 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hastings |
| City | Quinte West |
| Postal Code | K8V 5L3 |
| Area | Trenton Ward |
| Listing VS Median (in K8V 5L3) | |
Price: $939,500 low | high Med: $1,989,000 On site: 99 low | high Med: 124 | |
