37 Lorne Avenue, Quinte West

$624,900
37 Lorne Avenue

$624,900

New
18d
Triplex2 1/2 Storey

37 Lorne Avenue, Quinte West

Total Monthly Obligation $3,130

HausQ Valuation Report
Beds
5
Baths
3
Park
2
Sqft
2000-2500
DOM
18d
Yield
4.6%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Triplex
MLS® Number-X13863528
Beds-5
Bathrooms-3
Size-2000-2500 sqft
Lot Size-47 × 100 ft
Listed on site-Oct 5, 2026
Style-2 1/2 Storey
Building Type-Triplex
Taxes-$2,809.63 (2026)
Parking-5 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal Lepage Proalliance Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Trenton Ward
Title-Residential Freehold

No agent assigned

Legal Triplex...Updated and walking distance to downtown Trenton - Lots of parking and ready for your tenant selection. (the smallest unit is currently tenanted) This Triplex has had extensive renovations since 2018. Three levels, three kitchen upgrades with fridge & stove. Each unit also has its own private wooden deck & parking space. (total of 5 are actually on-site). The main floor 1-bedroom unit is very spacious at 1000 sqft (approx) and offers direct access to the shared laundry room & dog washing area. The 2nd floor is a 3-bedroom unit with 1100 sqft (approx) and spacious updated kitchen. The 3rd floor 1-bedroom unit with 575 sq ft (approx) was completely rebuilt with a modern kitchen in 2020, also with a private deck. Separate hydro meters and water meters. currently services 1st & 2nd floor units. The 1-bedroom loft is heated with electric baseboard. The basement is clean and has plenty of storage space and hook up for an extra washer/dryer with its own meter for both water and hydro. UPDATES: Gas furnace-2018, Re-shingled-2016, Doors & Vinyl Windows-2020, A/C-2026, Decking & Outdoor Stairs-2020, 3rd Floor Apartment-2020, Re-painted-2020, Refreshed Front Porch-2026, Retro-fitted 200amp meterbase to 400amp base to supply each unit 100amp service-2020, Hardwired Fire Safety Alarms-2020. Currently only unit 3 is rented...ready for market priced tenants. Potential income on this building is excellent.

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Closing Costs

Mortgage Amount
$499,920
Land Transfer Taxes$8,973
Legal Fees (Est.)
$
Total cash required for closing$135,453

Total Monthly Obligation

$3,130/mo
Mortgage $2,521
Monthly Loss $2,466
Principal$663
Interest$1,857
Property Tax$234
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 37 Lorne Avenue

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