$1,400,000
Available - For Sale
Listing ID: X13101894
540 Old Hwy 2 N/A , Quinte West, K8V 5P5, Hastings
| 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. |
| Price | $1,400,000 |
| Taxes: | $15005.43 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $0 |
| Occupancy: | Tenant |
| Address: | 540 Old Hwy 2 N/A , Quinte West, K8V 5P5, Hastings |
| Postal Code: | K8V 5P5 |
| Province/State: | Hastings |
| Legal Description: | LT 9 RCP 2190 SIDNEY; QUINTE WEST; COUNT |
| Directions/Cross Streets: | 1st Avenue. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 7350.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 7350 |
| Office/Appartment Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | F |
| Rail: | N |
| Clear Height Feet: | 8 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Partial |
| Sewers: | Septic |
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| Royal Lepage Proalliance Realty |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Quinte West |
| Neighbourhood: | Sidney Ward |
| Tax: | $15,005.43 |
| Fireplace: | N |
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