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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

10 Beds

6 Baths

Save

Est. payment | -/mo

Save

10 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision Trenton Ward

MLS Listing ID X13140160

Style 2-Storey

Bedrooms 10

Annual Tax Amount $6,781

Tax Year 2025

Property Sub-Type Multiplex

Property Description

Must be sold together with 28 McColl St, MLS #X13140164. Great Investment Opportunity in Trenton. Some VTB possible. 188 Henry St has four 2-bedroom units and two 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

Zoning R6

Rooms

Family Room No

Basement Apartment

Kitchen 6

Interior

Interior Features Water Heater, Water Heater Owned, Water Meter

Cooling None

Inclusions 6 Fridges, 6 stoves, 1 Coin Washer, 1 Coin Dryer, All Heating Equipment, 7 Hot Water Tanks

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 112.4

Lot Depth 56.46

Total Parking Spaces 6

Building

Foundation Concrete

Others

Senior Community No

ParcelsYN Yes

Listed by RE/MAX REALTRON REALTY INC.

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188 Henry ST Quinte West, ON K8V 5L3