Space
Finished area and layout
- Building Area
- 11,347 sqft
- Bedrooms
- 12
- Bathrooms
- 6
+3 more
12
Bedrooms
6
Bathrooms
11,347 sqft
Building Area
59.14 x 113.92 ft
Lot
6
Parking
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
- Ownership
- Freehold
Lot
About This Property
This 12-bedroom, 6-bathroom investment in Quinte West offers 11,347 sqft of building area on a 59.14 x 113.92 ft lot. The property has lot dimensions of 59.14 x 113.92 FT ; And 112.4x50 Ft, zoned R6. The home features no. Highlights include a 12-car garage.
MLS Remarks
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.
Inclusions
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