Business For Sale · Multifamily

1, 1A, 3, & 3A RAMSAY AVENUE, Quinte West (Trenton Ward)

1, 1A, 3, & 3A RAMSAY AVENUE, Quinte West (Trenton Ward), ON K8V2P4

$799,000 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

87%

About this property

A once-in-a-lifetime chance for a unique property! Tucked peacefully at the end of a quiet dead-end road overlooking a ravine in Quinte West. Imagine owning a remarkably versatile FOUR DETACHED HOME property where modern updates meet boundless opportunity. Picture welcoming your family to a private multi-generational compound, or effortlessly managing a turnkey portfolio where tenants pay their own utilities with separate water and hydro meters. This unique parcel features four separate homes: three bright two-bedroom homes-each equipped with convenient laundry hookups-and one cozy bachelor-style residence, providing ideal spaces for varied living arrangements. Every home has been renovated throughout, including updated flooring, kitchens, bathrooms, insulation, and durable metal roofs overhead for long-term peace of mind. A detached shed wrapped with matching neutral siding adds both utility and uniformity to the grounds. With one unit currently owner-occupied, you can comfortably move in and let the surrounding units help support your mortgage, or optimize the entire site as a low-maintenance investment property with room to grow future revenues. Flexible financing is possible, as the seller is open to considering a Vendor Take-Back mortgage. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$799K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$23K

Annual cash flow

$-21K

Cash-on-cash

-8.89%

DSCR

0.52

Going-in cap

2.87%

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

94,116

Households

36,375

Median income

$84,000

Median age

45.9

Daytime population

92,025

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 1, 1A, 3, & 3A RAMSAY AVENUE, 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.