37-43 Leonard Avenue

About this home

Excellent investment opportunity! Rarely offered purpose-built four-plex, each unit offering 3 bedrooms, 1 bath, in-suite laundry hookups, and its own dedicated outdoor storage shed. Situated on a large corner lot, the building is designed for low-maintenance ownership with no interior common areas to maintain. Each unit also features its own paved driveway with parking for up to 3 vehicles. Current gross annual rents are $58,860, and the property is already cash-flow positive, with substantial upside as units turn over. Tenants pay all utilities, except one unit where water is included. Unit 39 has been renovated and is leased for $2,000/month plus utilities, demonstrating the true rental potential available for the building. With minimal upgrades to the remaining units as they turn over, the property's total rent potential could reach approximately $96,000 annually. An especially rare offering- this property delivers substantial cash flow. Ideal for investors or owner-occupiers alike, where income from the three rented units can significantly offset housing costs, creating the possibility of living here with minimal to no monthly out-of-pocket expenses. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential.

Details

Type

Fourplex

Style

1 Storey/Apt

Age

51-99 years

Size

1500-2000 sq ft

Lot

105.83 × 102.63 ft

Basement

Apartment, Walk-Out

Garage

None

Kitchens

4

Property tax

$4,599 (2025)

Neighbourhood

Trenton Ward

Municipality

Quinte West

Interior

Bedrooms

6 above ground + 6 below

Bathrooms

2 × 4-piece (main), 2 × 4-piece (lower)

Kitchens

4 (2 below ground)

Rooms

14 above ground + 14 below

Family room or den

No

Fireplace

No

Features

Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater

Heating, cooling and services

Heating

Radiant, Gas

Water and sewer

Sewer

Building and exterior

Style

1 Storey/Apt

Exterior

Brick

Roof

Asphalt Shingle

Foundation

Block

Age

51-99 years

Faces

East

Outdoor

Patio, Garden Shed

Parking

Total parking

12

Driveway and parking

Private Triple

Lot

Size

105.83 × 102.63 ft (rectangular)

Acreage

< .50

More

Possession

Flexible

Nearby

Level, Place Of Worship, Public Transit, School, Rec./Commun.Centre

Cross street

Creelman and Leonard Avenue.

Rooms