Great Investment Opportunity in Trenton. Two Well-Maintained 6-Plexes Offered Together on Trenton's West Side. Two 6-plex buildings consisting of 28 McColl Street (Roll #120403005013300, PIN 403780012, Property tax $7542, Lot 57.14x113.92x93.73x28.37x42.27 feet) and 188 Henry Street (Roll #120403005013600, PIN 403780011, Property tax $6781, Lot 56.46x112.92x64.53x60.18x11.16x42.27 Feet). These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with five units that have been renovated. Numerous capital improvements have been completed in recent years, including windows and roofing. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds and outbuildings available for both Owner and Tenant additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.
Address
28 Mccoll Street
List Price
$2,248,000
MLS® Status
New
Expiration Date
2026-07-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Quinte West
Sub-Area
Trenton Ward
Region
Hastings
Bathrooms
12
Lot Size Source
GeoWarehouse
Lot Depth
113.92
Lot Type
Lot
Lot Irregularities
And 112.4x50 Ft
Lot Size Units
Feet
Lot Width
59.14
Parcel Number
403780012
Total Building Area
11347
Occupant Type
Tenant
Cross Street
Dundas/McColl
MLS® Number
X12715638
Listing Brokerage
RE/MAX REALTRON REALTY INC.
| RE/MAX QUINTE LTD.
Postal Code
K8V 5L3
Posession Details
60/TBA
Parking Spaces
12
Tax Amount
$14,323.00
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Hot Water
Cooling Features
No
Garage Type
None
Tax Legal Description
PT 1 21R1738; T/W QR585400; QUINTE WEST ; COUNTY OF HASTINGS, andPT LT 3 W/S PURDY ST PL 240 MURRAY AS IN QR184491; T/W QR184491; QUINTE WEST ; COUNTY OF HASTINGS
Sewer
Sanitary+Storm