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Richard Rutkowski

[email protected] +1(905) 876-6660

$ 1,049,500

Est. payment -/mo

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Active

28 Mccoll ST Quinte West, ON K8V 5L3

11 Beds

6 Baths

6,534 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Trenton Ward

MLS Listing ID X13140164

Style 2-Storey

Bedrooms 11

Annual Tax Amount $7,542

Tax Year 2025

Lot Size 6,534 Sqft

Property Sub-Type Multiplex

Property Description

Must be sold together with 188 Henry St, MLS #X13140160. Great Investment Opportunity in Trenton. Some VTB possible. 28 McColl St has five 2-bedroom units and one 1+1 bedroom unit. 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 some units renovated. Numerous capital improvements have been completed in recent years, including electrical, windows, roofing and front doors. 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

Rooms

Family Room No

Basement Apartment

Kitchen 6

Separate Den/Office 1

Interior

Interior Features Water Heater, Water Heater Owned, Separate Heating Controls, Separate Hydro Meter

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 59.14

Lot Depth 113.92

Total Parking Spaces 6

Building

Unit Features Hospital,School,Public Transit,Park,Marina,Lake/Pond

Foundation Concrete

Others

Security Features Smoke Detector

ParcelsYN Yes

Listed by RE/MAX REALTRON REALTY INC.

NEARBY SCHOOLS & PROPERTIES

Richard Rutkowski

License Partner | Broker of Record License ID: HBRUTKORI

+1(905) 876-6660

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