12 Richard St
Quinte West, K8V 1V1
FOR SALE
$474,900
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Property Description
NEWLY RENOVATED! This property has undergone a new paint job, new vinyl plank flooring, updated wiring throughout, new front railings, exterior finishes and more! This versatile property is suitable for owners or investors alike. This is a fully detached building that includes BOTH halves of semi-detached units under one ownership. This property represents tremendous value as either a single-family home or as investment property. It allows you several options. OPTION 1. Live in one side and let the other unit help pay your mortgage. OPTION 2. Live in one side & have a family member reside next door in the other semi-detached unit. OPTION 3. Open up a dividing wall and live in the entire building. OPTION 4. Purchase as an investment property bringing you $48,000 of POTENTIAL Gross Rental Income & a 9.26% CAP RATE. AMAZING RETURN ON INVESTMENT. Brick & stucco side-by-side dwellings. Both sides/units are vacant and ready for the next owner to choose their occupancy options. Alternatively, investors can pick their own tenants & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with potential gross rental income of $2000/mth ++. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is a bungalow layout & has 2 bdrms, 1 bath, formal living rm with electric fireplace, dining rm, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: vinyl plank flooring throughout, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Affordable place to call home, or great addition to your investment portfolio. Visit my website for further information about this Listing.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-07-18 | 2024-09-30 | 75 | $449,900 | - | Expired |
2024-04-19 | 2024-07-18 | 90 | $449,900 | - | Terminated |
Property Features
Fenced Yard, Golf, Hospital, Marina, Park, School
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Property Details
Street
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
43' x 100'
Acreage
< .50
Fronting
North
Taxes
$3,007 (2024)
Basement
Full, Unfinished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 8.50' x 10.66' | |
Dining | Main | 14.24' x 11.32' | |
Living | Main | 11.42' x 17.75' | |
2nd Br | 2nd | 6.99' x 13.58' | |
Prim Bdrm | 2nd | 11.15' x 16.50' | |
3rd Br | Main | 9.84' x 11.75' | |
Living | Main | 11.68' x 19.00' | |
4th Br | Main | 9.51' x 11.75' | |
Dining | Main | 9.58' x 11.58' | |
Kitchen | Main | 11.48' x 11.32' |
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Quinte West Market Statistics
Quinte West Price Trend
12 Richard St is a 4-bedroom 2-bathroom home listed for sale at $474,900, which is $205,100 (30.2%) lower than the average sold price of $680,000 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 4 bedroom home in Quinte West increased by $59,000 (9.5%) compared to the previous 30 day period (October 22 - November 20) and up $86,500 (14.6%) from the same time one year ago.Inventory Change
There were 5 4-bedroom homes listed in Quinte West over the last 30 days (November 21 - December 20), which is down 28.6% compared with the previous 30 day period (October 22 - November 20) and up 150.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Quinte West typically sold $0 (0.0%) below asking price over the last 30 days (November 21 - December 20), which represents a $16,000 increase compared to the previous 30 day period (October 22 - November 20) and ($12,950) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Quinte West over the last 30 days (November 21 - December 20) stood at 60.0%, down from 142.9% over the previous 30 days (October 22 - November 20) and down from 200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Quinte West stood at 14 days when successfully sold over the last 30 days (November 21 - December 20), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Proalliance Realty
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