157 Water Street, Quinte West

$459,000
157 Water Street

$459,000

New
2d
Detached2-Storey

157 Water Street, Quinte West

Total Monthly Obligation $2,458

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
2d
Score
26
Yield
6.7%
Cash on Cash
4.7%
Cap Rate
5.6%
5Y IRR
19.3%
10Y IRR
17.7%
Property Type-Detached
MLS® Number-X14101806
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-68.92 × 69.5 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,774.06 (2026)
Parking-4 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-Royal Heritage Realty Ltd.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Living Room
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Trenton Ward
Title-Residential Freehold

No agent assigned

Welcome to this beautifully transformed 3-bedroom, 2-bath family home, where thoughtful updates and timeless charm come together to create an exceptional move-in-ready property. Extensively updated over the past few years, this home features new shingles, siding, deck, doors, windows, flooring, kitchen and bathrooms-offering peace of mind and low-maintenance living for years to come. The bright and inviting main floor offers spacious living areas, highlighted by the original fireplace surround, modernized with an electric insert, and custom built-in bookcases. The stunning kitchen features stainless steel appliances, a gorgeous countertop and backsplash with ample workspace, and an area for a breakfast bar or table. A 2-piece powder room and cleverly concealed laundry complete the main level. Upstairs, the oversized primary bedroom offers double closets, while two additional well-sized bedrooms provide plenty of room for kids, guests or a home office. A beautifully updated 4-piece bathroom completes the second level. The clean, dry basement features an updated electrical panel, new furnace and water heater, and offers excellent potential for future finished living space, a workshop or abundant storage. Outside, the spacious backyard provides plenty of room for children and pets to play, entertaining, or even adding a future garage. Forced-air gas heat and new central air provide efficient, year-round comfort. Ideally located just minutes from Highway 401 and all the amenities Trenton has to offer, with a bus stop at your door, this beautifully updated home is ready for you to move in and enjoy!

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$367,200
Land Transfer Taxes$5,655
Legal Fees (Est.)
$
Total cash required for closing$98,955

Total Monthly Obligation

$2,458/mo
Mortgage $1,851
Monthly Loss $1,970
Principal$487
Interest$1,364
Property Tax$231
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.7%5
5-Year IRR
14.3%67
10-Year IRR
14.1%
Returns Index
35.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,852/yr
NOI
$20,493/yr
Net Cash Flow
-$144/mo
Cash Margin
-5.6%2
Cash Flow Index
1.6/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
35.4/ 100

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

Comparables

Properties near 157 Water Street

Time

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