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37-43 Leonard Avenue in Quinte West for sale

Asking price
$690,000
Estimate (Oct 01)
$682,662
MLS #:
X13851086
Type:
Fourplex, 1 Storey/Apt
Approx. SQFT:
1500-2000
Basement:
Apartment, W/O
6+6 6+6
105.83 x 102.63 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 New N/A N/A N/A
0000-00-00 $00000 Exp N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
Excellent investment opportunity! Rarely offered purpose-built four-plex, each unit offering 3 bedrooms, 1 bath, in-suite laundry hookups, and its own dedicated outdoor storage shed. Situated on a large corner lot, the building is designed for low-maintenance ownership with no interior common areas to maintain. Each unit also features its own paved driveway with parking for up to 3 vehicles. Current gross annual rents are $58,860, and the property is already cash-flow positive, with substantial upside as units turn over. Tenants pay all utilities, except one unit where water is included. Unit 39 has been renovated and is leased for $2,000/month plus utilities, demonstrating the true rental potential available for the building. With minimal upgrades to the remaining units as they turn over, the property's total rent potential could reach approximately $96,000 annually. An especially rare offering- this property delivers substantial cash flow. Ideal for investors or owner-occupiers alike, where income from the three rented units can significantly offset housing costs, creating the possibility of living here with minimal to no monthly out-of-pocket expenses. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential.

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  • Date Listed: Thursday, October 01, 2026
  • Listing Brokerage: Re/Max Jazz Inc. - Disclaimer: The information contained in this listing has not been verified by Re/Max Jazz Inc. and should be verified by the buyer.
  • City: Quinte West

    More 6 bedrooms homes for sale in Quinte West

  • Neighbourhood: Trenton Ward
  • Major Intersection: Creelman and Leonard Avenue.
  • Full Address: 37-43 Leonard Avenue, Quinte West, K8V 2R3, Canada, ON, Canada
  • Living Room:
  • Kitchen:
  • Amenities:
  • Taxes: $4,599.00 (2025)
Living10 x 16 ft160 sq ft
Dining8 x 11 ft88 sq ft
Kitchen7 x 11 ft77 sq ft
Utility7 x 5 ft35 sq ft
Bathroom7 x 5 ft35 sq ft
Primary11 x 10 ft110 sq ft
2nd Br11 x 8 ft88 sq ft
3rd Br10 x 8 ft80 sq ft

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