Do you know what's better than a duplex? A triplex! This affordable triplex in the heart of town is a fantastic investment opportunity, offering stable rental income with long-term, established tenants. With three units, ranging from a bachelor apartment to a three-bedroom unit, this fully rented property generates a gross rental income of $25,380 per year. Situated on a spacious corner lot, the property features multiple driveways, a detached double garage with a separate driveway, and multiple entrances for tenant convenience. The exterior is a combination of stucco and vinyl siding, and there is a deck on the north side serving two unit entrances. Unit 1 is a three-bedroom, one-bath unit on the second level, rented for $630/month plus hydro, gas, and water/sewer. The tenant, in place for approximately five years, enjoys gas heat, two parking spaces, laundry facilities (tenant-owned appliances), and exclusive use of the detached garage. Unit 2 is a two-bedroom, one-bath unit on the main level, rented for $850/month plus gas. With two separate entrances and laundry facilities in the foyer, this unit has housed the same tenant for 8 to 9 years. The unit includes gas heat and two parking spaces. Unit 3 is a bachelor apartment in the lower level, rented for $635/month all-inclusive. Featuring an open-concept kitchen, living area, and sleeping space, it is heated with electric baseboard heat. The landlord provides appliances, and the unit has a separate driveway with two parking spots. The tenant has been there for approximately six years. With separate metering for hydro and water (one unit fully independent, two units metered together) and individual hot water tanks for each unit, this self-sustaining property is a smart addition to any investment portfolio, with tenants maintaining lawn care and snow removal. Detailed income and expenses available.
Address
166 West Street
List Price
$399,900
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Area
Quinte West
Sub-Area
Trenton Ward
County
Hastings
Bedrooms
5
Bathrooms
3
Floor Area
1500 - 2000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
100.59
Lot Shape
Irregular
Lot Irregularities
Back corner cut off 125.01 long side
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
31.46
Approx. Age
51 - 99 Years
MLS® Number
X12023503
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY
Basement Area
Apartment, Separate Entrance
Postal Code
K8V 2M7
Parking
Private Double
Parking Places (Total)
8
Tax Amount
$2,164.43
Tax Year
2025
Exterior Features
Deck, Year Round Living
Interior Features
Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Water Heater
Property Features
Hospital, Level, Park, Public Transit, Rec./Commun.Centre, School
Heat Source
Gas
Heat Type
Other
Cooling Features
None
Construction Materials
Vinyl Siding, Stucco (Plaster)
Direction Faces
West
Foundation Details
Stone
Garage Type
Detached
Kitchens Total
3
Pool Features
None
Roof
Asphalt Shingle
View Type
Clear
Sewer
Sewer