$725,000
37-43 Leonard Avenue, Quinte West, ON K8V 2R3
12 Beds
4 Baths
12 Parking
Excellent investment opportunity! Rarely offered purpose-built four-plex, each unit offering 3 bedrooms, 1 bath, in-suite laundry hookups, and its own dedicated outdoor storage shed. Situated on a large corner lot, the building is designed for low-maintenance ownership with no interior common areas to maintain. Each unit also features its own paved driveway with parking for up to 3 vehicles. Current gross annual rents are $58,860, and the property is already cash-flow positive, with substantial upside as units turn over. Tenants pay all utilities, except one unit where water is included. Unit 39 has been renovated and is leased for $2,000/month plus utilities, demonstrating the true rental potential available for the building. With minimal upgrades to the remaining units as they turn over, the property's total rent potential could reach approximately $96,000 annually. An especially rare offering- this property delivers substantial cash flow. Ideal for investors or owner-occupiers alike, where income from the three rented units can significantly offset housing costs, creating the possibility of living here with minimal to no monthly out-of-pocket expenses. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential.

Property Summary

Property Type Residential Freehold
Property Sub Type Fourplex
Transaction Type For Sale
Style 1 Storey/Apt
Approximate Age 51-99
Bedrooms Above Grade 6
Bathrooms 4
Basement Apartment, Walk-Out
Exposure East
Possession Flexible

Building

Building Type Fourplex
Square Footage 1500-2000
Exterior Brick
Foundation Block
Roof Asphalt Shingle
Heating Radiant
Heat Source Gas
Cooling None
Fireplace No

Measurements

Lot Size 105.83 x 102.63
Lot Size Units Feet
Frontage 105.83
Depth 102.63
Total Living Area 1500-2000

Land

Address 37-43 Leonard Avenue, Quinte West, ON K8V 2R3
City Quinte West
Community Trenton Ward
County / Area Hastings
Cross Street Creelman and Leonard Avenue.
Sewer Sewer
Pool None
Parcel Number 404130070

Parking and Garage

Total Parking 12
Garage Spaces 0
Garage Type None
Parking Features Private Triple

Taxes and Listing Info

List Price $725,000
Annual Taxes $4,599
Tax Year 2025
Status Active
Listing Date 2025-11-24T15:00:33Z
Updated 2026-05-30T16:34:34Z
MLS Number X12571210
Local Market Insight

What Buyers Should Know About 37-43 Leonard Avenue, Quinte West, ON K8V 2R3

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

37-43 Leonard Avenue, Quinte West, ON K8V 2R3 is positioned in Trenton Ward, a part of Quinte West where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 1 Storey/Apt, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Fourplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Creelman and Leonard Avenue., public transit options, parking availability, and drive times to employment areas. A property with 12 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $725,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 12 bedrooms, 4 bathrooms, basement details marked as Apartment, Walk-Out, and a lot size of 105.83 x 102.63, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Quinte West, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Trenton Ward. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 37-43 Leonard Avenue, Quinte West, ON K8V 2R3, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.