31 Schmidt Way

Quinte West, K8V 5P4
FOR SALE
$1,225,000
31 Schmidt Way, Quinte West
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
31 Schmidt Way
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3 + 3
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
8 + 7
ROOMS
X9307044
MLSID
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Property Description
This exceptional legal duplex presents a rare chance to own a vacant, CASH FLOWING duplex in a safe, family-friendly neighborhood. Offering top-of-the-line finishes, this home is perfect for a variety of living arrangements, including multigenerational families, investors looking to expand their portfolio, or those looking to maximize income through short term rentals. The basement apartment is designed with a spacious, open layout that is very well lit, providing a comfortable and inviting atmosphere. Both units come equipped with their own separate HVAC systems and laundry, ensuring ultimate privacy and convenience for tenants or family members. A luxurious home theater room, complete with a dry bar and beverage fridge offers an immersive cinematic experience right at home. The garage boasts a sleek epoxy floor, complemented by freshly painted drywall, creating a clean and polished look. Whether you choose to live in one unit and rent out the other, or rent both for immediate cash flow, this property offers versatility and endless potential. The huge backyard is perfect for family gatherings, outdoor activities, or adding value for future renters. Located in a very safe, welcoming neighborhood, this property is truly a standout for those seeking an investment with long-term potential.
Extras
Seller willing to sell furnished.
Property Features
Park
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
49' x 171'
Fronting
South
Taxes
$6,350 (2024)
Basement
Apartment, Sep Entrance
Exterior
Stone, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain14.34' x 22.64'Fireplace, Pot Lights, Combined W/Kitchen
KitchenMain13.06' x 11.75'Pantry, Stainless Steel Appl, Eat-In Kitchen
DiningMain11.42' x 11.35'W/O To Deck, Combined W/Kitchen
Prim BdrmMain13.12' x 15.26'5 Pc Ensuite, W/I Closet, W/O To Deck
2nd BrMain11.68' x 9.84'Closet, Closet Organizers
3rd BrMain13.35' x 9.91'Closet
Media/EntBsmt23.79' x 1,220.47'Dry Bar, Pot Lights
KitchenBsmt9.32' x 12.27'Combined W/Dining, Pot Lights, Eat-In Kitchen
DiningBsmt7.51' x 12.27'Combined W/Kitchen, Pot Lights
LivingBsmt11.94' x 13.12'Combined W/Dining, Pot Lights
BrBsmt10.40' x 11.19'Closet
BrBsmt13.12' x 11.78'Closet
Quinte West Market Statistics
Quinte West Price Trend
31 Schmidt Way is a 3-bedroom 3-bathroom home listed for sale at $1,225,000, which is $695,000 (131.1%) higher than the average sold price of $530,000 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 3 bedroom home in Quinte West increased by $7,786 (1.5%) compared to the previous 30 day period (September 23 - October 22) and up $35,000 (7.1%) from the same time one year ago.
Inventory Change
There were 41 3-bedroom homes listed in Quinte West over the last 30 days (October 23 - November 21), which is down 14.6% compared with the previous 30 day period (September 23 - October 22) and up 28.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Quinte West typically sold ($12,700) (2.4%) below asking price over the last 30 days (October 23 - November 21), which represents a $129 increase compared to the previous 30 day period (September 23 - October 22) and ($5,000) less 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 3-bedroom homes in Quinte West over the last 30 days (October 23 - November 21) stood at 87.8%, up from 77.1% over the previous 30 days (September 23 - October 22) and down from 96.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Quinte West stood at 36 days when successfully sold over the last 30 days (October 23 - November 21), compared to 73 days before being removed from the market upon being suspended or terminated.
Listing contracted with Your Home Sold Guaranteed Realty Imperium
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