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$449,900
Available - For Sale
Listing ID: X13589488
370 MEYERS CREEK Road , Quinte West, K8V 5P8, Hastings


Exceptional Duplex Investment Opportunity - 6.62% Projected Cap Rate! Whether you're an investor looking to expand your portfolio or a first-time buyer looking to offset your mortgage with rental income, this property offers excellent flexibility and income potential. Unit A is currently rented for $1,200/month, while Unit B was rented for $2,300/month earlier this year and is now vacant, providing an opportunity for immediate occupancy or a new tenant. At the asking price of $449,900, the property offers a potential gross annual rental income of $42,000 and a projected 6.62% capitalization rate based on the previous rental income of both units. An added bonus is the separate basement space for Unit B, which is already framed and ready for buyers to finish to their own taste, offering additional living space and future value-add potential. Live in one unit while the other helps offset your mortgage payments, or rent both units to maximize your investment potential. Whether you're entering the real estate market or adding to your investment portfolio, this is an opportunity worth exploring!
Price $449,900
Taxes: $3364.00
Assessment Year: 2025
Occupancy: Tenant
Address: 370 MEYERS CREEK Road , Quinte West, K8V 5P8, Hastings
Acreage: .50-1.99
Directions/Cross Streets: Old Highway 2 to Whites Road to Meyers Creek Road.
Rooms: 12
Rooms +: 1
Bedrooms: 6
Bedrooms +: 0
Family Room: F
Basement: Full, Walk-Up
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1 Main Kitchen 11.32 10.53
Room 2 Main Dining Ro 7.9 6.26
Room 3 Main Living Ro 11.68 20.24
Room 4 Main Primary B 8.59 14.99
Room 5 Main Bedroom 2 14.37 8.36
Room 6 Main Bedroom 3 10.99 8.04
Room 7 Main Bathroom 8.63 4.89 4 Pc Bath
Room 8 Basement Utility R 7.45 29.59
Room 9 Main Kitchen 11.32 10.3
Room 10 Main Dining Ro 7.9 6.49
Room 11 Main Living Ro 11.61 20.2
Room 12 Main Primary B 14.37 8.46
Room 13 Main Bedroom 2 8.59 14.92
Room 14 Main Bedroom 3 10.99 8.07
Room 15 Main Bathroom 8.59 5.05 4 Pc Bath
Washroom Type No. of Pieces Level
Washroom Type 1 4 Main
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Washroom Type 6 4 Main
Washroom Type 7 0
Washroom Type 8 0
Washroom Type 9 0
Washroom Type 10 0
Washroom Type 11 4 Main
Washroom Type 12 0
Washroom Type 13 0
Washroom Type 14 0
Washroom Type 15 0
Washroom Type 16 4 Main
Washroom Type 17 0
Washroom Type 18 0
Washroom Type 19 0
Washroom Type 20 0
Washroom Type 21 4 Main
Washroom Type 22 0
Washroom Type 23 0
Washroom Type 24 0
Washroom Type 25 0
Washroom Type 26 4 Main
Washroom Type 27 0
Washroom Type 28 0
Washroom Type 29 0
Washroom Type 30 0
Washroom Type 31 4 Main
Washroom Type 32 0
Washroom Type 33 0
Washroom Type 34 0
Washroom Type 35 0
Washroom Type 36 4 Main
Washroom Type 37 0
Washroom Type 38 0
Washroom Type 39 0
Washroom Type 40 0
Washroom Type 41 4 Main
Washroom Type 42 0
Washroom Type 43 0
Washroom Type 44 0
Washroom Type 45 0
Washroom Type 46 4 Main
Washroom Type 47 0
Washroom Type 48 0
Washroom Type 49 0
Washroom Type 50 0
Washroom Type 51 4 Main
Washroom Type 52 0
Washroom Type 53 0
Washroom Type 54 0
Washroom Type 55 0
Washroom Type 56 4 Main
Washroom Type 57 0
Washroom Type 58 0
Washroom Type 59 0
Washroom Type 60 0
Washroom Type 61 4 Main
Washroom Type 62 0
Washroom Type 63 0
Washroom Type 64 0
Washroom Type 65 0
Washroom Type 66 4 Main
Washroom Type 67 0
Washroom Type 68 0
Washroom Type 69 0
Washroom Type 70 0
Washroom Type 71 4 Main
Washroom Type 72 0
Washroom Type 73 0
Washroom Type 74 0
Washroom Type 75 0
Total Area: 0.00
Approximatly Age: 31-50
Property Type: Duplex
Style: Bungalow
Exterior: Aluminum Siding, Brick
Garage Type: None
(Parking/)Drive: Private, O
Drive Parking Spaces: 6
Park #1
Parking Type: Private, O
Park #2
Parking Type: Private
Park #3
Parking Type: Other
Pool: None
Approximatly Age: 31-50
Approximatly Square Footage: 2000-2500
Property Features: Golf, Wooded/Treed
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Septic
Water: Drilled W
Water Supply Types: Drilled Well
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$
$ /Year
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$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
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At a Glance:
Type: Freehold - Duplex
Area: Hastings
Municipality: Quinte West
Neighbourhood: Sidney Ward
Style: Bungalow
Lot Size: x 282.35(Feet)
Approximate Age: 31-50
Tax: $3,364
Maintenance Fee: $0
Beds: 6
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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