$449,900
370 MEYERS CREEK Road, Quinte West, ON K8V 5P8
Quinte West · Sidney Ward · K8V 5P8
Key Facts
Tax
$3,364 (2025)
Type
Duplex
Lot
0.53 sqft
Parking
None, 6 spaces
Basement
Full, Walk-Up, Partially Finished
Brokerage
EXP REALTY, BROKERAGE
Description
Exceptional Duplex Investment Opportunity - 6.62% Projected Cap Rate! Whether you're an investor looking to expand your portfolio or a first-time buyer looking to offset your mortgage with rental income, this property offers excellent flexibility and income potential. Unit A is currently rented for $1,200/month, while Unit B was rented for $2,300/month earlier this year and is now vacant, providing an opportunity for immediate occupancy or a new tenant. At the asking price of $449,900, the property offers a potential gross annual rental income of $42,000 and a projected 6.62% capitalization rate based on the previous rental income of both units. An added bonus is the separate basement space for Unit B, which is already framed and ready for buyers to finish to their own taste, offering additional living space and future value-add potential. Live in one unit while the other helps offset your mortgage payments, or rent both units to maximize your investment potential. Whether you're entering the real estate market or adding to your investment portfolio, this is an opportunity worth exploring!
Property
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Parking
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Highlights
Financial Details
Listing Information
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