71 Canal Street, Quinte West, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Trenton Ward. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $415,000 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 64.06 x 73.68 ft lot
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor, Water Heater Owned
- Efficient other heating via gas
Description
Legal UP AND DOWN duplex offering solid tenancies & $40,800 of gross rental income. Both units are metered separately for both gas & electric & each of the units offer 2 bdrms, full bathrooms & in-suite laundry facilities. All appliances are owned by the landlord. Unit 71 is the lower unit with 2 bdrms, 1 bath & tenant pays $1800/mth ++. The unit is heated with a gas wall heater plus baseboard electric heat & dedicated laundry out back. There is a spacious eat-in kitchen with vinyl flooring & plenty of cabinet space. Partial bsmt in this unit is used for tenant storage. Unit 71A is the upper unit located on the 2nd floor. Tenant pays $1600++ & has laundry in the unit. There are 2 bdrms & a 4pc. bath, but the tenant is using the living rm as an additional bdrm space. The unit is also heated with a gas wall heater & electric baseboards. The property has 2 owned hot water tanks, one for each unit. Turn-key duplex is great value providing reliable income from longer term tenants. Excellent gross rental income with minimal landlord expenses (Income & expense report is available). Located on a corner lot with each tenant having dedicated outdoor space, parking for 2+ vehicles & close to the Trent River, boat launch, park & downtown conveniences.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Golf, Hospital, Marina, Rec./Commun.Centre, School
Interior Features
Primary Bedroom - Main Floor, Water Heater Owned
Security Features
Community Features
Location
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 71 Canal Street, Quinte West, ON K8V 4K4
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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 $415,000 in Quinte West, the legal minimum down payment is $20,750 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 $4,775 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 $4,775.
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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.