290 Dundas Street, Quinte West, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Trenton Ward. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $3,500,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 240 x 172 ft lot size
- equipped with yes central cooling and highly efficient gas hot water heating
Description
Introducing an exceptional turnkey mixed-use investment opportunity. This well-maintained property consists of two buildings with a combined total of 21 rental units, including 16 tenanted residential apartments and 5 fully occupied commercial units. Building 1 features 5 commercial units and 8 residential apartments. The commercial component is anchored by established long-term tenants, including a pharmacy, doctor's office, dental office, driving school, and salon. Residential tenants in Building 1 benefit from a convenient coin-operated laundry facility, while the entire building is heated by a forced-air natural gas system. Building 2 consists of 8 fully leased residential apartments, each with its own private entrance and in-suite laundry, offering tenants a high level of privacy and convenience. Building 2 is equipped with gas hot water tanks, and the shingles have been replaced within the last eight years. The residential units consist of a desirable mix of 4 one-bedroom units and 12 two-bedroom units, all occupied by excellent long-term tenants with a strong rental history. With a proven tenant base, diversified commercial income, and numerous attractive features for both residential and commercial occupants, this property presents an outstanding opportunity for investors seeking a stabilized, income-producing asset with strong long-term upside.
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Property Summary
This investment located at 290 Dundas Street, Quinte West is currently for sale and has been available on SousaSells for 6 days. This property is listed at $3,500,000 with an estimated mortgage of $11,650* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 290 Dundas Street, Quinte West is in the Trenton Ward neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 290 Dundas Street W, Quinte West, ON K8V 3S1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Quinte West, ON
For a property listed at $3,500,000 in Quinte West, the legal minimum down payment is $700,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $73,975 for this transaction. As this listing is in Quinte West (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $73,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.