12 Richard Street Quinte West, Ontario K8V 1V1


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4 Bedroom 2 Bathroom
Central Air Conditioning Forced Air


Solid investment opportunity with this brick & stucco side-by-side duplex. One unit fully occupied & the other unit recently empty & ready for the next owner to choose their own tenant & 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 tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is vacant & ready for the open market. This bungalow layout has 2 bdrms, 1 bath, formal living rm & dining rms, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: hdwd flooring, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Great addition to your investment portfolio. **** EXTRAS **** Projected rent for vacant unit is approx. $2000/mth++ for a total potential GROSS rent of $43,200 annually. Duplex includes: 2 fridges, 2 stoves, 2 sets of washers/dryers, 2 HWTs (all owned by Landlord). Minimal landlord expenses. (id:28302)

Property Details

MLS® Number X8251202
Property Type Single Family
Amenities Near By Hospital, Marina, Park, Schools
Parking Space Total 2


Bathroom Total 2
Bedrooms Above Ground 4
Bedrooms Total 4
Amenities Separate Electricity Meters
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type Central Air Conditioning
Exterior Finish Brick, Stucco
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Duplex
Utility Water Municipal Water


Acreage No
Fence Type Fenced Yard
Land Amenities Hospital, Marina, Park, Schools
Sewer Sanitary Sewer
Size Depth 99 Ft
Size Frontage 43 Ft
Size Irregular 43.19 X 99.95 Ft
Size Total Text 43.19 X 99.95 Ft|under 1/2 Acre
Zoning Description R3


Level Type Dimensions
Second Level Bedroom 2 4.14 m x 2.13 m
Second Level Primary Bedroom 5.03 m x 3.4 m
Main Level Kitchen 3.25 m x 2.59 m
Main Level Dining Room 3.45 m x 4.34 m
Main Level Living Room 5.41 m x 3.48 m
Main Level Primary Bedroom 3.58 m x 3 m
Main Level Living Room 5.79 m x 3.56 m
Main Level Bedroom 2 3.58 m x 2.9 m
Main Level Dining Room 3.53 m x 2.92 m
Main Level Kitchen 3.45 m x 3.5 m


Cable Available
Sewer Installed