135 Reid Street, Quinte West, ON K8V 5W2

Discover a solid investment opportunity with this versatile bungalow located in a popular Trenton subdivision ideal for multi-generational living, generating rental income, or living in one unit while renting out the other. Currently configured as two separate units with private entrances, this property offers flexibility and strong income potential. The upper 3-bedroom unit, featuring an L-shaped living/dining area with a picture window, stackable laundry, and a 4-piece bath with a deep soaker tub, has been rented since September 2022 to reliable month-to-month tenants at $2150 all-inclusive. The renovated lower 2-bedroom unit, previously rented for $1750 all-inclusive, is vacant and ready for new occupants or owner use. With a potential gross annual income of $46,800, the numbers work well given the homes affordability. Each unit has its own laundry, and the lower level showcases updated finishes including an eat-in kitchen with white cabinetry and appliances, a modern 4-piece bath, and vinyl plank flooring. Outside, enjoy a partially fenced yard, patio, storage shed, parking for up to 4 vehicles, and a durable metal roof. Efficient gas furnace (approx. 2005), central air, and easy access to Highway 401 complete the package. Tenants responsible for lawn maintenance and snow removal. Income and expense statements are available. This is truly a smart investment with multiple living and rental possibilities.

Details

MLS® Number
X12305778

Bedrooms
5

Bathrooms
2