37-43 Leonard Avenue, Quinte West, ON K8V 2R3
Quinte West
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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. As 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 expense. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 37-43 Leonard Avenue, Quinte West, ON K8V 2R3
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MLS# X12571202
Listed by RE/MAX Jazz INC.
On market since Nov 24, 2025
What comparable homes actually sold for in the last 12 months.
37-43 Leonard Avenue, Quinte West, ON K8V 2R3 is listed for $725,000 CAD.
37-43 Leonard Avenue, Quinte West, ON K8V 2R3 is a Investment, 3,678 sq ft.
37-43 Leonard Avenue, Quinte West, ON K8V 2R3 is in Quinte West, Ontario.
37-43 Leonard Avenue, Quinte West, ON K8V 2R3 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 37-43 Leonard Avenue, Quinte West, ON K8V 2R3 (MLS# X12571202). You can also send a message through the contact form on this site.
