5 Creswell Drive, Quinte West, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Trenton Ward. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $6,300,000 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.
- 3 Bedrooms and 26 Bathrooms
- Premium 231.89 x 206.94 ft lot size
- 44.0 total parking spaces available
- Notable attributes: Built-In Oven, On Demand Water Heater, Separate Heating Controls
- Efficient baseboard heating via electric
Description
Discover a lucrative investment with this well-maintained 26-unit apartment building, perfectly positioned in the heart of downtown Quinte West. Just steps from the scenic Trent Port Marina and Metro, this property offers a prime location that appeals to a wide range of tenants. The building features a diverse mix of units, including one bachelor unit, 13 one-bedroom units, and 12 two-bedroom units, catering to various tenant needs. The main level units were 100% new construction in 2021. Its proximity to the marina, local shops, restaurants, and public transportation makes it an attractive option for tenants seeking a vibrant, walkable lifestyle. Whether you're an experienced investor or looking to expand your portfolio, this apartment building promises strong potential for steady cash flow and long-term appreciation. Don't miss out on this exceptional opportunity to own a multi-residential property in a high-demand area. Also listed with the Seller is 17468 Highway 2 Quinte West - a single tenant (MPAC) commercial building for sale for $2,150,000. Seller will consider bundling these 2 properties together. Please see MLS# X9285274.
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Built-In Oven, On Demand Water Heater, Separate Heating Controls
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Pricing & Value Insights
Data-driven valuation for 5 Creswell Drive, Quinte West, ON K8V 6H5
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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 $6,300,000 in Quinte West, the legal minimum down payment is $1,260,000 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 $143,975 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 $143,975.
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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.