71 Canal Street, Quinte West, ON K8V 4K4

About This Property

Legal UP AND DOWN duplex offering solid tenancies & $40,800 of gross rental income. Both units are metered separately for both gas & electric & each of the units offer 2 bdrms, full bathrooms & in-suite laundry facilities. All appliances are owned by the landlord. Unit 71 is the lower unit with 2 bdrms, 1 bath & tenant pays $1800/mth ++. The unit is heated with a gas wall heater plus baseboard electric heat & dedicated laundry out back. There is a spacious eat-in kitchen with vinyl flooring & plenty of cabinet space. Partial bsmt in this unit is used for tenant storage. Unit 71A is the upper unit located on the 2nd floor. Tenant pays $1600++ & has laundry in the unit. There are 2 bdrms & a 4pc. bath, but the tenant is using the living rm as an additional bdrm space. The unit is also heated with a gas wall heater & electric baseboards. The property has 2 owned hot water tanks, one for each unit. Turn-key duplex is great value providing reliable income from longer term tenants. Excellent gross rental income with minimal landlord expenses (Income & expense report is available). Located on a corner lot with each tenant having dedicated outdoor space, parking for 2+ vehicles & close to the Trent River, boat launch, park & downtown conveniences.

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Features & Amenities