Three Quinte-ssentials: Spotlighting Three Unique Properties
Hold on to your hats: 34 Alberta has just experienced a $20K price reduction! This versatile property functions like a Swiss Army knife in real estate, offering a fully detached building with two distinct living spaces.
Expert Insights by Jason Ballas (Team Lead) - jballas@royallepage.ca
Option 1: Live in One Side and Utilize the Other Unit for Rental Income
Imagine the convenience of residing in one unit while the other generates rental income, significantly reducing your mortgage payments. This approach offers financial stability and flexibility, allowing you to enjoy your new home while benefiting from additional revenue.
34 Alberta not the right fit for you? Consider 12 Richard Street, instead. Situated on a quiet, tree-lined street, this property offers a tranquil setting. Reside comfortably in one unit and lease the other, creating a steady income stream while enjoying a peaceful environment.
Option 2: Live in One Side & Accommodate a Family Member in the Adjacent Unit
If you wish to be close to loved ones while maintaining some independence, this dual-unit property is ideal. Imagine having a family member in the neighboring unit, fostering a supportive and connected living arrangement.
34 Alberta Street also fits this scenario, with each unit featuring two bedrooms and a full bathroom, ensuring comfort and privacy for both units in the family home.
Option 3: Combine Units for a Spacious Single Residence
Looking for more room for your growing family? This property offers the potential to transform into a sprawling single-family residence. By removing the dividing wall, you can create a larger, open floor plan ideal for entertaining, fostering togetherness, and enjoying a luxurious living environment.
Option 4: Acquire as an Investment Property with $43,200 in Gross Rental Income & an 8.71% CAP Rate
For investors, this property presents an attractive opportunity to expand your rental portfolio. With a potential gross rental income of $43,200 annually and a notable 8.71% CAP rate, this investment offers a substantial return.
527 Front Street serves as an exemplary investment property. This purpose-built, four-unit building, located centrally in Trenton, features established tenants and high demand, ensuring reliable cash flow.
Exploring Your Quinte Possibilities
The dynamic Quinte region offers a compelling mix of urban vibrancy, small-town charm, and natural beauty. Whether you’re a homeowner seeking a sanctuary or an investor looking for strong returns, Team Ballas is committed to guiding you through your real estate journey with expertise and care.
Contact us today to schedule your viewing and explore these exceptional opportunities!
