47
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$449,900
Est. payment /mo
6 Beds
2 Baths
0.53 Acres Lot
Price Dropped by $15K
370 MEYERS CREEK RD Quinte West, ON K8V 5P8
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Sun Nov 15, 12:00pm - 1:00pm
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Sidney Ward
MLS Listing ID X13589488
Style Bungalow
Bedrooms 6
Annual Tax Amount $3,364
Tax Year 2025
Lot Size 0.530 Acres
Property Sub-Type Duplex
Property Description
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!
Location
Province ON
County Hastings
Area Hastings
Zoning RR
Rooms
Basement Full, Walk-Up, Partially Finished
Kitchen 2
Interior
Interior Features None
Cooling Window Unit(s)
Inclusions Unit B: Refrigerator, stove, dishwasher, washer, and dryer.
Exterior
Exterior Feature Porch, Privacy
Parking Features None
Pool None
View Trees/Woods, Forest
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Building Age 31-50
Foundation Concrete Block
Others
Lited by EXP REALTY, BROKERAGE
NEARBY SCHOOL & BUSINESS
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