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28 MCCOLL STREET, Quinte West (Trenton Ward) — listed at $1,969,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Great Investment Opportunity in Trenton. TWO WELL-MAINTAINED 6-PLEXES OFFERED TOGETHER on Trenton's West Side. Some VTB possible. Two 6-plex buildings consisting of 28 McColl Street (Roll #120403005013300, PIN 403780012, Property tax $7542, Lot 57.14x113.92x93.73x28.37x42.27 feet) and 188 Henry Street (Roll #120403005013600, PIN 403780011, Property tax $6781, Lot 56.46x112.92x64.53x60.18x11.16x42.27 Feet). These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with five units that have been renovated. Numerous capital improvements have been completed in recent years, including windows and roofing. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds available for additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential. (id:60164)
How is the home heated? Is it efficient?+
Heating is hot water radiator heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What makes this a luxury property?+
At $1,969,000, standout features include 11347 sq ft. In this price range, expect higher-end finishes — verify during a showing.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Who is 28 MCCOLL STREET best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $14,322.41, heating is hot water radiator heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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