$725,000
37-43 Leonard Avenue, Quinte West, ON K8V 2R3
Quinte West
- Bedrooms
- 12
- Bathrooms
- 4
- Parking
- 12
- Type
- Fourplex
Purpose-built fourplex with $58.8K gross annual rent, already cash-flow positive.
- •Each unit: 3 bed, 1 bath, in-suite laundry hookups, dedicated storage shed, paved driveway with 3-car parking.
- •Unit 39 renovated, leasing at $2,000/month—demonstrates $96K annual rent potential across all units.
- •Corner lot, no shared interior common areas; tenants cover utilities (except water in one unit).
- •Owner-occupier option: rent three units to offset or eliminate monthly housing costs.
AI-generated · verify details with the listing agent.
About this listing
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.
View Walk Score, Transit Score & Bike Score
Walkability, transit, and bike-friendliness for 37-43 Leonard Avenue, Quinte West, ON K8V 2R3
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X12571210
Listed by RE/MAX Jazz INC.
On market since Nov 24, 2025
About 37-43 Leonard Avenue, Quinte West, ON K8V 2R3
How much is 37-43 Leonard Avenue, Quinte West, ON K8V 2R3?
37-43 Leonard Avenue, Quinte West, ON K8V 2R3 is listed for $725,000 CAD.
How many bedrooms and bathrooms does 37-43 Leonard Avenue, Quinte West, ON K8V 2R3 have?
37-43 Leonard Avenue, Quinte West, ON K8V 2R3 has 12 bedrooms and 4 bathrooms.
What type of property is 37-43 Leonard Avenue, Quinte West, ON K8V 2R3?
37-43 Leonard Avenue, Quinte West, ON K8V 2R3 is a Fourplex.
What neighbourhood is 37-43 Leonard Avenue, Quinte West, ON K8V 2R3 in?
37-43 Leonard Avenue, Quinte West, ON K8V 2R3 is in Quinte West, Ontario.
Is 37-43 Leonard Avenue, Quinte West, ON K8V 2R3 for sale or for rent?
37-43 Leonard Avenue, Quinte West, ON K8V 2R3 is currently for sale.
How do I book a showing for 37-43 Leonard Avenue, Quinte West, ON K8V 2R3?
Contact Michael Mezheritsky to arrange a private showing of 37-43 Leonard Avenue, Quinte West, ON K8V 2R3 (MLS# X12571210). You can also send a message through the contact form on this site.