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Royal LePage
Royal LePage
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$1,400,000

540 OLD HWY 2, Quinte West (Sidney Ward), Ontario, K8V 5P5

MLS® # X13101894

Quinte West (Sidney Ward) ON, K8V 5P5

MLS® # X13101894

Property Information:

This turnkey investment property features two fully leased buildings with strong, consistent income potential. Building 1 includes seven residential units and one commercial space, offering an attractive mix of revenue streams. The residential component consists of four spacious two-bedroom apartments and three one-bedroom apartments, appealing to a broad tenant base. The commercial unit features an approximately 800 sq ft. garage/workshop, adding valuable commercial income potential. Building 2 offers two additional residential units, including a bright ground-floor two-bedroom apartment and a well-appointed two-bedroom basement apartment. With dependable tenants already in place and a balanced mix of residential and commercial occupancy, this property represents an excellent opportunity for investors seeking stable cash flow and long-term portfolio growth. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 7350 sqft
  • Heating Type: Baseboard heaters, Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Features: Irregular lot size
  • Floor Space (approx): 7350 Square Feet
  • Irregular: Yes
  • Lot Depth: 142.2 Feet
  • Lot Frontage: 188.2 Feet
  • Lot Size: 0.52 Acres
  • Zoning: CR
  • Sewer: Septic System

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 540 OLD HWY 2, Quinte West (Sidney Ward), Ontario, K8V 5P5

Demographic Information of 540 OLD HWY 2, Quinte West (Sidney Ward), Ontario, K8V 5P5

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$94,955.82

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.16 %

High school certificate or equivalent

36.28 %

Apprenticeship trade certificate/diploma

6.35 %

College/non-university certificate

24.59 %

University Degree

9.62 %

Commuter

Travel To Work

By Car

95.7 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

4.3 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

6.14 %

Houses

93.86 %

Own Vs. Rent

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