For Sale · Multifamily

3 - 22 MCGILL STREET, Quinte West (Trenton Ward)

3 - 22 MCGILL STREET, Quinte West (Trenton Ward), ON K8V3J2

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

94%

About this property

Bright and spacious 2-bedroom second floor suite available at Lakeview Apartments. This majestic private, well-maintained multi-unit building is perched atop scenic McGill Hill on Trenton's desirable west side. This newly renovated unit offers an elevated living experience with an east-facing covered deck at the front entrance, perfect for enjoying stunning morning sunrises and picturesque views of the bay and surrounding landscape. Inside the suite, there are soaring ceilings and large windows filling the open-concept living, dining, and entry area with natural light. Creating a warm and welcoming atmosphere. The space-saving, efficiently designed galley kitchen with double sink & stainless steel appliances, that includes a fridge, stove dishwasher and range hood. Hi-efficiency ductless AC heat pump with remote installed June 2026. An in-suite laundry closet conveniently hidden behind a stylish sliding barn door with a new stackable washer & dryer to be installed before the new tenant moves in. The primary bedroom features a walk-in closet, and the spacious second bedroom includes a mirrored double closet for ample storage. A well-appointed, generously sized 4-piece bathroom completes the suite. Keyless entry and LED lighting are some other distinguishing features plus motion sensing lighting in all closets. Upgraded in Future enhancements include a privacy partition on the deck to enhance outdoor comfort. Beautiful view of the bay from the front covered deck. Freshly painted after the last tenant vacated. Be the second occupant to reside here since the suite was completely renovated 1 year ago. Rent is $2099.00 plus hydro & water. First and last month's rent required. 1 parking space is included with rent, and a second space is available for an additional fee. Immediate occupancy available for qualified applicants. Vacant and easy to show. Don't miss seeing this majestic rental space if searching for one in the Trenton area. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

40,174

Households

16,876

Median income

$83,000

Median age

40.8

Daytime population

66,163

5-yr growth

5.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 3 - 22 MCGILL STREET, Quinte West (Trenton Ward).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.