
















































1/5037 LORNE AVENUE, Quinte West (Trenton Ward), ON K8V5B4
$599,900 total
—
Asset Class
Multifamily
Size
—
Building class
C
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
88%
Client RemarksLegal Triplex...Updated and walking distance to downtown Trenton - Lots of parking and ready for your tenant selection. (the smallest unit is currently tenanted) This Triplex has had extensive renovations since 2018. Three levels, three kitchen upgrades with fridge & stove. Each unit also has its own private wooden deck & parking space. The main floor 1-bedroom unit is very spacious at 1000 sqft (approx) and offers direct access to the shared laundry room & dog washing area. The 2nd floor is a 3-bedroom unit with 1100 sqft (approx) and spacious updated kitchen. The 3rd floor 1-bedroom unit with 575 sq ft (approx) was completely rebuilt with a modern kitchen in 2020, also with a private deck. Separate hydro meters and water meters. currently services 1st & 2nd floor units. The 1-bedroom loft is heated with electric baseboard. The basement is clean and has plenty of storage space and hook up for an extra washer/dryer with its own meter for both water and hydro (if you chose to have a second laundry option). UPDATES: Gas furnace-2018, Re-shingled-2016, Doors & Vinyl Windows-2020, A/C-2026, Decking & Outdoor Stairs-2020, 3rd Floor Apartment-2020, Re-painted-2020, Refreshed Front Porch-2026, Retro-fitted 200amp meterbase to 400amp base to supply each unit 100amp service-2020, Hardwired Fire Safety Alarms-2020. Currently only unit 3 is rented...ready for market priced tenants. Potential income on this building is excellent. *Be sure to check out our virtual walkthrough on Realtor.ca or on our website!* (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$23K
Annual cash flow
$-10K
Cash-on-cash
-5.82%
DSCR
0.68
Going-in cap
3.79%
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.
Trade area within 3 miles of the property.
Population
127,112
Households
48,907
Median income
$134,500
Median age
39.2
Daytime population
122,922
5-yr growth
0.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 37 LORNE AVENUE, Quinte West (Trenton Ward).
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.