Homes for sale - 12 RICHARD STREET, Quinte West, ON K8V1V1

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RE/MAX Generation

generationremax@gmail.com +1(250) 858-5465

$474,900

Est. payment - /mo

4 Beds

2 Baths

1,499 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,499 sqft

Price per Sqft $316

MLS® Listing ID X10432670

Bedrooms 4

Originating Board Central Lakes Association of REALTORS®

Property Description

NEWLY RENOVATED! This property has undergone a new paint job, new vinyl plank flooring, updated wiring throughout, new front railings, exterior finishes and more! This versatile property is suitable for owners or investors alike. This is a fully detached building that includes BOTH halves of semi-detached units under one ownership. This property represents tremendous value as either a single-family home or as investment property. It allows you several options. OPTION 1. Live in one side and let the other unit help pay your mortgage. OPTION 2. Live in one side & have a family member reside next door in the other semi-detached unit. OPTION 3. Open up a dividing wall and live in the entire building. OPTION 4. Purchase as an investment property bringing you $48,000 of POTENTIAL Gross Rental Income & a 9.26% CAP RATE. AMAZING RETURN ON INVESTMENT. Brick & stucco side-by-side dwellings. Both sides/units are vacant and ready for the next owner to choose their occupancy options. Alternatively, investors can pick their own tenants & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with potential gross rental income of $2000/mth ++. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is a bungalow layout & has 2 bdrms, 1 bath, formal living rm with electric fireplace, dining rm, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: vinyl plank flooring throughout, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Affordable place to call home, or great addition to your investment portfolio. Visit my website for further information about this Listing. (id:24570)

Location

Province ON

Rooms

Extra Room 1 Second level 4.14 m X 2.13 m Bedroom 2

Extra Room 2 Second level 5.03 m X 3.4 m Primary Bedroom

Extra Room 3 Main level 3.25 m X 2.59 m Kitchen

Extra Room 4 Main level 3.45 m X 4.34 m Dining room

Extra Room 5 Main level 5.41 m X 3.48 m Living room

Extra Room 6 Main level 3.58 m X 3 m Bedroom 3

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

Fence Fenced yard

View Y/N No

Total Parking Spaces 2

Private Pool No

Building

Story 1.5

Sewer Sanitary sewer

Others

Ownership Freehold

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Listed by ROYAL LEPAGE PROALLIANCE REALTY

+1(250) 882-3335

alex@victoriahomes.com

12 RICHARD STREET Quinte West, ON K8V1V1