12 Richard St
Quinte West, K8V 1V1
FOR SALE
$499,900
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
4
BEDROOMS2
BATHROOMS2
KITCHENS10
ROOMSX8251202
MLSIDContact Us
Property Description
Solid investment opportunity with this brick & stucco side-by-side duplex. One unit fully occupied & the other unit recently empty & ready for the next owner to choose their own tenant & 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 tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is vacant & ready for the open market. This bungalow layout has 2 bdrms, 1 bath, formal living rm & dining rms, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: hdwd flooring, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Great addition to your investment portfolio.
Call
Extras
Projected rent for vacant unit is approx. $2000/mth++ for a total potential GROSS rent of $43,200 annually. Duplex includes: 2 fridges, 2 stoves, 2 sets of washers/dryers, 2 HWTs (all owned by Landlord). Minimal landlord expenses.
Property Features
Fenced Yard, Golf, Hospital, Marina, Park, School
Call
Property Details
Street
City
Property Type
Duplex, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
43' x 100'
Acreage
< .50
Fronting
North
Taxes
$2,821 (2023)
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
Call
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' | |
| Prim Bdrm | Main | 9.84' x 11.75' | |
| Living | Main | 11.68' x 19.00' | |
| 2nd Br | Main | 9.51' x 11.75' | |
| Dining | Main | 9.58' x 11.58' | |
| Kitchen | Main | 11.48' x 11.32' |
Call
Quinte West Market Statistics
Quinte West Price Trend
12 Richard St is a 4-bedroom 2-bathroom home listed for sale at $499,900, which is $23,650 (5.0%) higher than the average sold price of $476,250 in the last 30 days (April 5 - May 4). During the last 30 days the average sold price for a 4 bedroom home in Quinte West declined by $123,535 (20.6%) compared to the previous 30 day period (March 6 - April 4) and down $399,421 (45.6%) from the same time one year ago.Inventory Change
There were 18 4-bedroom homes listed in Quinte West over the last 30 days (April 5 - May 4), which is up 50.0% compared with the previous 30 day period (March 6 - April 4) and up 200.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Quinte West typically sold ($3,333) (0.7%) below asking price over the last 30 days (April 5 - May 4), which represents a $10,638 increase compared to the previous 30 day period (March 6 - April 4) and ($13,342) 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 (April 5 - May 4) stood at 44.4%, down from 58.3% over the previous 30 days (March 6 - April 4) and down from 116.7% 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 21 days when successfully sold over the last 30 days (April 5 - May 4), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Proalliance Realty
Call