28 MCCOLL STREET, Quinte West (Trenton Ward), Ontario, K8V5L3
MLS: X12715638 | Multi-Family
$2,149,000
Property Description
Great Investment Opportunity in Trenton. Two Well-Maintained 6-Plexes Offered Together on Trenton's West Side. 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 comprises 12 residential units, including 9 spacious two-bedroom units and 3 one-bedroom units. One of the lower units on 28 McColl St is 1+1 (no window in the second bedroom). Combined living area totals approximately 11,347 (MPAC) 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. (id:64974)
Quick Facts
- Property Type: Multi-Family
- Bedrooms: None
- Bathrooms: 12
- Living Area: 11,347 sq ft (1,054.2 m²)
- Attached: Yes
- Parking: 12.0 spaces
- Frontage: 59 ft (18 m)
Costs
- Annual Taxes: $14,323.00
Listing Provided by: RE/MAX REALTRON REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Hot water radiator heat, Natural gas
- Cooling: None
- Appliances: Washer, Dryer, Water Heater
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 59 ft (18 m)
- Zoning: R6
Community & Neighbourhood
- Neighbourhood: Trenton Ward
Listing Information
Listing History
MLS listing activity for 28 MCCOLL STREET, Quinte West (Trenton Ward), Ontario, K8V5L3 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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28 MCCOLL STREET, Quinte West (Trenton Ward), Ontario, K8V5L3