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370 MEYERS CREEK Road, Quinte West, ON K8V 5P8

Quinte West, ON

$499,900
MLS® #: X13589488
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Description

Turnkey duplex investment opportunity! Whether you are looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained duplex is an excellent opportunity. Currently generating $42,000 in annual gross rental income, this property offers immediate cash flow with 2 self-contained units and a strong investment profile. The property features 2 spacious 3-bedroom units, ample parking, separate living spaces, and a low-maintenance lot. Located on a spacious rural lot in a desirable area close to CFB Trenton, schools, shopping, parks, and everyday amenities, it appeals to both tenants and future homeowners alike. With a 5.97% cap rate at the asking price, this income-producing property offers positive cash flow potential and long-term upside. Whether you're a seasoned investor or entering the rental market for the first time, this is an opportunity you will not want to miss.

Quick Details

Beds6
Baths2
TypeResidential Freehold
Sq Ft0
Parking Spaces6
Taxes$3,364
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Comprehensive Property Details

Approximate Age 31-50
Assessment Year 2025
Bedrooms Above Grade 6
Bedrooms Below Grade 0
Central Vacuum Y N No
City Region Sidney Ward
Contract Status Available
Country CA
County Or Parish Hastings
Covered Spaces 0
Cross Street Old Highway 2 to Whites Road to Meyers Creek Road.
D D F Y N Yes
Den Familyroom Y N No
Direction Faces South
Directions Old Highway 2 to Whites Road to Meyers Creek Road.
Elevator Y N No
Ensuite Laundry Y N No
Expiration Date 2026-10-31
Fireplace Y N No
Garage Type None
Garage Y N No
Heat Source Propane
Heat Type Forced Air
Internet Address Display Y N Yes
Internet Entire Listing Display Y N Yes
Kitchens Above Grade 2
Kitchens Below Grade 0
Kitchens Total 2
List A O R Kingston & Area Real Estate Association
List Office Name EXP REALTY, BROKERAGE
Living Area Range 2000-2500
Lot Depth 282.35
Lot Shape Irregular
Lot Size Area 0.53
Lot Size Area Units Acres
Lot Size Range Acres .50-1.99
Lot Size Source MPAC
Lot Size Units Feet
Lot Width 82
Mls Status Price Change
Occupant Type Tenant
Parcel Number 404160154
Parking Spaces 6
Possession Details TBD
Possession Type Flexible
Postal Code K8V 5P8
Property Sub Type Duplex
Roll Number 120421103514830
Rooms Above Grade 12
Rooms Below Grade 1
Sign On Property Y N Yes
Standard Status Active
State Or Province ON
Street Name MEYERS CREEK
Street Number 370
Street Suffix Road
Survey Type None
Tax Legal Description PT LOI 11, CONCESSION 1, PT 1 OF 21R9392, QUINTE WEST, SIDNEY WARD
Tax Year 2025
Transaction Type For Sale
Vendor Property Info Statement No
Virtual Tour U R L Branded https://youriguide.com/370_meyers_creek_rd_quinte_west_on/
Virtual Tour U R L Branded2 https://www.youtube.com/shorts/3pVl0ra-kwU
Virtual Tour U R L Unbranded https://unbranded.youriguide.com/370_meyers_creek_rd_quinte_west_on/
Washrooms Type1 2
Washrooms Type1 Level Main
Washrooms Type1 Pcs 4
Waterfront Y N No