12 Richard Street For Sale

Quinte West, K8V 1V1

$499,900

Description

Listed by ROYAL LEPAGE PROALLIANCE REALTY.

Solid investment opportunity with this brick & stucco side-by-side duplex. One unit fully occupied & the other unit recently empty & ready for the next owner to choose 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. Great addition to your investment portfolio.

Projected rent for vacant unit is approx. $2000/mth++ for a total potential GROSS rent of $43,200 annually. Duplex includes: 2 fridges, 2 stoves, 2 sets of washers/dryers, 2 HWTs (all owned by Landlord). Minimal landlord expenses.

Location

View Map
  • Address: 12 Richard Street
  • Neighborhood:
  • City: Quinte West
  • State: Ontario
  • Postal Code: K8V 1V1

Property Details

  • Property ID: X8251202
  • Property Price: $499,900
  • Style: Duplex, 1 1/2 Storey
  • Sq/Ft: 1500-2000
  • Rooms: 10+0
  • Bedrooms: 4+0
  • Bath: 2
  • Parking Spaces: 2
  • Year Built: 51-99
  • A/C: Central Air
  • Basement: Full, Unfinished
  • Den: N
  • Elevator: N
  • Exterior: Brick, Stucco/Plaster
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $2,821.49 (2023)
  • Acreage: < .50 Acres
  • Lot: 99.95x43.19 (Feet)

Room details and dimensions

Statistics for similar Duplex homes in

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Average days on market for similar Duplex homes in

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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 370 - 0992