370 Meyers Creek Road Quinte West, Ontario K8V 5P8

$449,900

Exceptional Duplex Investment Opportunity - 6.62% Projected Cap Rate! Whether you're an investor looking to expand your portfolio or a first-time buyer looking to offset your mortgage with rental income, this property offers excellent flexibility and income potential. Unit A is currently rented for $1,200/month, while Unit B was rented for $2,300/month earlier this year and is now vacant, providing an opportunity for immediate occupancy or a new tenant. At the asking price of $449,900, the property offers a potential gross annual rental income of $42,000 and a projected 6.62% capitalization rate based on the previous rental income of both units. An added bonus is the separate basement space for Unit B, which is already framed and ready for buyers to finish to their own taste, offering additional living space and future value-add potential. Live in one unit while the other helps offset your mortgage payments, or rent both units to maximize your investment potential. Whether you're entering the real estate market or adding to your investment portfolio, this is an opportunity worth exploring! (id:67947)

Open House

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Property Details

MLS® Number	X13589488
Property Type	Multi-family
Community Name	Sidney Ward
Amenities Near By	Golf Nearby
Communication Type	High Speed Internet
Easement	Unknown
Features	Wooded Area, Irregular Lot Size, Flat Site
Parking Space Total	6
Structure	Porch

Building

Bathroom Total	2
Bedrooms Above Ground	6
Bedrooms Total	6
Age	31 To 50 Years
Appliances	Dishwasher, Dryer, Stove, Washer, Refrigerator
Architectural Style	Bungalow
Basement Development	Partially Finished
Basement Features	Walk-up
Basement Type	Full, N/a, N/a (partially Finished)
Cooling Type	Window Air Conditioner
Exterior Finish	Aluminum Siding, Brick
Fire Protection	Smoke Detectors
Foundation Type	Block
Heating Fuel	Propane
Heating Type	Forced Air
Stories Total	1
Size Interior	2,000 - 2,500 Sqft
Type	Duplex
Utility Water	Drilled Well

Parking

No Garage

Land

Acreage	No
Land Amenities	Golf Nearby
Sewer	Septic System
Size Depth	282 Ft ,4 In
Size Frontage	82 Ft
Size Irregular	82 X 282.4 Ft
Size Total Text	82 X 282.4 Ft|1/2 - 1.99 Acres
Zoning Description	Rr

Rooms

Level	Type	Length	Width	Dimensions
Basement	Utility Room	2.27 m	9.02 m	2.27 m x 9.02 m
Main Level	Kitchen	3.45 m	3.21 m	3.45 m x 3.21 m
Main Level	Living Room	3.54 m	6.16 m	3.54 m x 6.16 m
Main Level	Primary Bedroom	4.38 m	2.58 m	4.38 m x 2.58 m
Main Level	Bedroom 2	2.62 m	4.55 m	2.62 m x 4.55 m
Main Level	Bedroom 3	3.35 m	2.46 m	3.35 m x 2.46 m
Main Level	Bathroom	2.62 m	1.54 m	2.62 m x 1.54 m
Main Level	Dining Room	2.41 m	1.91 m	2.41 m x 1.91 m
Main Level	Living Room	3.56 m	6.17 m	3.56 m x 6.17 m
Main Level	Primary Bedroom	2.62 m	4.57 m	2.62 m x 4.57 m
Main Level	Bedroom 2	4.38 m	2.55 m	4.38 m x 2.55 m
Main Level	Bedroom 3	3.35 m	2.45 m	3.35 m x 2.45 m
Main Level	Bathroom	2.63 m	1.49 m	2.63 m x 1.49 m
Main Level	Kitchen	3.45 m	3.14 m	3.45 m x 3.14 m
Main Level	Dining Room	2.41 m	1.98 m	2.41 m x 1.98 m

Utilities

Cable	Available
Wireless	Available
Electricity Connected	Connected
Natural Gas Available	At Lot Line

https://www.realtor.ca/real-estate/30061328/370-meyers-creek-road-quinte-west-sidney-ward-sidney-ward

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