5 Creswell Dr - Apartments FOR SALE


Quinte West, ON K8V 6H5
$6,300,000 CAD
613-969-9901
5 Creswell Dr, Quinte West, ON for Sale
$6,300,000 CAD
Apartments - FOR SALE
1/3
null | Request Cap Rate

5 Creswell Dr
Quinte West, ON K8V 6H5


HIGHLIGHTS

  • Prime Location: Near Trent Port Marina and local amenities
  • Diverse Units: Includes bachelor, 1-bedroom, and 2-bedroom units
  • Strong Potential: Steady cash flow and long-term appreciation
  • Recently Renovated Units with Modern Finishes
  • Lots of natural light

OVERVIEW

Discover a lucrative investment with this well-maintained 26-unit apartment building, perfectly positioned in the heart of downtown Quinte West. Just steps from the scenic Trent Port Marina and Metro, this property offers a prime location that appeals to a wide range of tenants. The building features a diverse mix of units, including one bachelor unit, 13 one-bedroom units, and 12 two-bedroom units, catering to various tenant needs. The main level units were 100% new construction in 2021. Its proximity to the marina, local shops, restaurants, and public transportation makes it an attractive option for tenants seeking a vibrant, walkable lifestyle. Whether you're an experienced investor or looking to expand your portfolio, this apartment building promises strong potential for steady cash flow and long-term appreciation. Don't miss out on this exceptional opportunity to own a multi-residential property in a high-demand area. Also listed with the Seller is 17468 Highway 2 Quinte West - a single tenant (MPAC) commercial building for sale for $2,100,000. Seller will consider bundling these 2 properties together. Please see MLS# X9285274.

FOR SALE DETAILS

PRICE

$6,300,000 CAD

PRICE/SF

$229 CAD /SF

# OF UNITS

26

PRICE/UNIT

$242,308

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Creswell Drive

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

R4-6

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Abi MeeboerEkort Realty Ltd. BrokerageMore Info
613-969-9901

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Abi MeeboerEkort Realty Ltd. BrokerageMore Info
613-969-9901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.