28 Mccoll Street, Quinte West, ON K8V 5L3

About this property

Must be sold together with 188 Henry St, MLS #X13140160. Great Investment Opportunity in Trenton. Some VTB possible. 28 McColl St has five 2-bedroom units and one 1+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.

Property facts & features

Property type

Multiplex

MLS® number

X13140164

Source status

New

Bedrooms

12

Bathrooms

6

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

K8V 5L3

Parking spaces

6

Garage

None

Lot depth (source units)

113.92

Annual property tax

7542

Basement

Apartment

Laundry

Not provided

Interior features

Water Heater, Water Heater Owned, Separate Heating Controls, Separate Hydro Meter

Exterior features

Not provided

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

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