540 Old Hwy 2

About this home

This turnkey investment property features two fully leased buildings with strong, consistent income potential. Building 1 includes seven residential units and one commercial space, offering an attractive mix of revenue streams. The residential component consists of four spacious two-bedroom apartments and three one-bedroom apartments, appealing to a broad tenant base. The commercial unit features an approximately 800 sq ft. garage/workshop, adding valuable commercial income potential. Building 2 offers two additional residential units, including a bright ground-floor two-bedroom apartment and a well-appointed two-bedroom basement apartment. With dependable tenants already in place and a balanced mix of residential and commercial occupancy, this property represents an excellent opportunity for investors seeking stable cash flow and long-term portfolio growth.

Details

Type

Investment

Lot

188.22 × 142.3 ft

Garage

None

Property tax

$15,005 (2025)

Neighbourhood

Sidney Ward

Municipality

Quinte West

Heating, cooling and services

Heating

Baseboard

Air conditioning

Partial

Water and sewer

Septic

Utilities

Yes

Building and exterior

Building area

7,350 Square Feet

More

Possession

flexible

Cross street

1st Avenue.

Business type

Apts - 6 To 12 Units