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28 McColl ST Quinte West, ON K8V 5L3
11,347 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 11,347 sqft
Price per Sqft $175
Subdivision Trenton Ward
MLS Listing ID X13030684
Annual Tax Amount $14,322
Tax Year 2025
Property Sub-Type Investment
Property Description
Great Investment Opportunity in Trenton. TWO WELL-MAINTAINED 6-PLEXES OFFERED TOGETHER on Trenton's West Side. Some VTB possible. Two 6-plex buildings consisting of 28 McColl Street (Roll #120403005013300, PIN 403780012, Property tax $7542, Lot 57.14x113.92x93.73x28.37x42.27 feet) and 188 Henry Street (Roll #120403005013600, PIN 403780011, Property tax $6781, Lot 56.46x112.92x64.53x60.18x11.16x42.27 Feet). These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with five units that have been renovated. Numerous capital improvements have been completed in recent years, including windows and roofing. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds available for additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.
Location
Province ON
County Hastings
Area Hastings
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 59.14
Lot Depth 113.92
Others
ParcelsYN No
Listed by RE/MAX REALTRON REALTY INC.