$449,900 FOR SALE
Detached 1 1/2 Storey
Bedrooms: 4Bathrooms: 2Lot: 43.19 x 99.95 ft2024 Taxes: $3,007.1
12 Richard St
Quinte West, ON
K8V 1V1 | Hastings
Lets talk about this versatile property, suitable for owners or investors alike. This is a fully detached building that includes BOTH halves of semi-detached units under one ownership. This property represents tremendous value as either a single-family home or as investment property. It allows you several options. OPTION 1. Live in one side and let the other unit help pay your mortgage. OPTION 2. Live in one side & have a family member reside next door in the other semi-detached unit. OPTION 3. Open up a dividing wall and live in the entire building. OPTION 4. Purchase as an investment property bringing you $43,200 of Gross Rental Income & a 8.71% CAP RATE. AMAZING RETURN ON INVESTMENT. Brick & stucco side-by-side dwellings. One unit fully occupied & the other unit recently empty. Ready for the next owner to choose their occupancy options or investors can pick their own tenant & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is vacant & ready for the open market. This bungalow layout has 2 bdrms, 1 bath, formal living rm & dining rms, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: hdwd flooring, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Affordable place to call home, or great addition to your investment portfolio.
Extras
Gross rental income $43,000. Expenses $4008.26. Net Operating Income $39,191.74. Financial numbers available, showing income and expenses. Gross annual rent is calculated based on a projected monthly rent for the vacant unit of $2000++.
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| Listed By | ROYAL LEPAGE PROALLIANCE REALTY |
|---|---|
| Data Provided By | Toronto Regional Real Estate Board |
| MLS® Listing Number | X9045416 |
| Last Updated | Aug 29, 2024 |
Property Summary
| Property Type |
Detached
More like this: |
|---|---|
| PIN | 404050065 |
| Legal Description | LT 32 PL 419 SIDNEY; PT LT 31 PL 419 SIDNEY PT1, 21R10312; QUINTE WEST; COUNTY OF HASTINGS. |
| Possession Date | FLEXIBLE |
| Taxes (2024) | $3,007.1 |
| Assessment (2023) | $188,000 |
| Directions/Cross Streets | Sidney Street |
| Area | Hastings |
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
| Fronting On | N |
|---|---|
| Link | N |
| Property Features | Fenced Yard, Golf, Hospital, Marina, Park, School |
| Special Designations | Unknown |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Rooms | 10 |
| Kitchens | 2 |
| Lot | 43.19 x 99.95 ft |
| Acreage | <.50 |
| Approximate Square Footage | 1500-2000 |
| Approximate Age | 51-99 |
| Exterior | Brick, Stucco/Plaster |
| Elevator | N |
| Air Conditioning | Central Air |
| Family Room | N |
| Fireplace/Stove | N |
| Pool | None |
| Laundry Level | Lower |
| Basement | Full, Unfinished |
| Drive | Pvt Double |
| Garage Spaces | 0.0 |
| Garage Type | None |
| Parking Spaces | 2 |
| Total Parking Spaces | 2.0 |
| Retirement | N |
| Heat Source | Gas |
| Heat Type | Forced Air |
| Sewers | Sewers |
| Utilities-Hydro | Y |
| Utilities-Cable | A |
| Utilities-Telephone | A |
| Water | Municipal |
| UFFI | No |
| Zoning | R3 |
| Seller Property Info Statement | N |
Rooms
| Room | Level | Dimensions | Notes |
|---|---|---|---|
| Kitchen | Main | 3.25 m x 2.59 m (10.66 ft x 8.5 ft) | |
| Dining | Main | 3.45 m x 4.34 m (11.32 ft x 14.24 ft) | |
| Living | Main | 5.41 m x 3.48 m (17.75 ft x 11.42 ft) | |
| 2nd Br | 2nd | 4.14 m x 2.13 m (13.58 ft x 6.99 ft) | |
| Prim Bdrm | 2nd | 5.03 m x 3.4 m (16.5 ft x 11.15 ft) | |
| 3rd Br | Main | 3.58 m x 3 m (11.75 ft x 9.84 ft) | |
| Living | Main | 5.79 m x 3.56 m (19 ft x 11.68 ft) | |
| 4th Br | Main | 3.58 m x 2.9 m (11.75 ft x 9.51 ft) | |
| Dining | Main | 3.53 m x 2.92 m (11.58 ft x 9.58 ft) | |
| Kitchen | Main | 3.45 m x 3.5 m (11.32 ft x 11.48 ft) |
Bathrooms
| Pieces | Level |
|---|---|
| 4 | Main |
| 2 | 2nd |
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