




12 Beds
4 Baths
C$690,000
37-43 Leonard Avenue, Quinte West ON, K8V 2R3
Property typeMulti-family
Overview
Active
New
Listed Oct 1, 2026
Updated 8 days ago
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.
Additional information
- MLS® ID
- X13851086
Interior Features
- Bedrooms
- 12
- Bathrooms
- 4
- Heating
- Yes
- Basement
- Yes
Other Property Details
- Taxes
- $4,599
- Tax Frequency
- Annually
Courtesy of Listed by , RE/MAX Jazz INC.,
Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
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Data last updated 3:51 AM UTC, 10/2/2026