37-43 Leonard Avenue, Quinte West, ON K8V 2R3
Trenton Ward, Quinte West · Near Creelman and Leonard Avenue. · View map
About this home
Excellent investment opportunity! Rarely offered purpose-built four-plex, each unit offering 3 bedrooms, 1 bath, in-suite laundry hookups, and its own dedicated outdoor storage shed. Situated on a large corner lot, the building is designed for low-maintenance ownership with no interior common areas to maintain. Each unit also features its own paved driveway with parking for up to 3 vehicles. Current gross annual rents are $58,860, and the property is already cash-flow positive, with substantial upside as units turn over. Tenants pay all utilities, except one unit where water is included. Unit 39 has been renovated and is leased for $2,000/month plus utilities, demonstrating the true rental potential available for the building. With minimal upgrades to the remaining units as they turn over, the property's total rent potential could reach approximately $96,000 annually. An especially rare offering- this property delivers substantial cash flow. Ideal for investors or owner-occupiers alike, where income from the three rented units can significantly offset housing costs, creating the possibility of living here with minimal to no monthly out-of-pocket expenses. A truly exceptional chance to secure a stable, cash-flowing multi-family asset with long-term growth potential.
The home
- Type
- Fourplex
- Style
- 1 Storey/Apt
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 6
- Basement bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 14
- Basement
- Apartment, Walk-Out
- Lot size
- 105.8 x 102.6 ft
- Faces
- East
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Radiant
- Fireplace
- No
Garage & parking
- Driveway spaces
- 12
- Total parking
- 12
- Parking features
- Private Triple
Taxes & other
- Property taxes
- $4,599/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Creelman and Leonard Avenue.
- Neighbourhood
- Trenton Ward
More
- Price per sq ft
- ~$394 (at 1,750 sq ft)
- MLS® number
- X13851086
No matching details. Ask Will instead
The home and its surroundings
- Primary Bedroom - Main Floor
- Separate Hydro Meter
- Water Heater
- Level
- Place Of Worship
- Public Transit
- School
- Rec./Commun.Centre
- Patio
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
37-43 Leonard Avenue, Quinte West, ON K8V 2R3
Trenton Ward, Quinte West · Near Creelman and Leonard Avenue.
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 37-43 Leonard Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 37-43 Leonard Avenue
Answers come straight from this home’s MLS® listing.
How much is 37-43 Leonard Avenue listed for, and what would it cost each month?
37-43 Leonard Avenue is listed for $690,000. With 20% down ($138,000), the mortgage payment would be roughly $2,783 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,167 a month, all in. That figure is an illustration, not a quote.
Is 37-43 Leonard Avenue freehold or a condo, and is there a monthly fee?
37-43 Leonard Avenue is a fourplex in Trenton Ward, Quinte West. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 37-43 Leonard Avenue have?
37-43 Leonard Avenue has 6 bedrooms, plus 6 more bedrooms in the basement, and 4 bathrooms. The listing gives the style as 1 storey/apt.
Does 37-43 Leonard Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 12 spaces. In total the listing counts 12 parking spaces.
Does 37-43 Leonard Avenue have a finished basement?
The listing describes the basement as apartment, walk-out. It counts 6 bedrooms on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 37-43 Leonard Avenue?
37-43 Leonard Avenue is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 37-43 Leonard Avenue, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 105.8 x 102.6 ft.
How is 37-43 Leonard Avenue heated and cooled?
Heating is radiant (gas). The listing does not show air conditioning.
What are the property taxes for 37-43 Leonard Avenue?
Property taxes are $4,599 a year (2025), or about $383 a month.
Where is 37-43 Leonard Avenue?
37-43 Leonard Avenue is in the Trenton Ward community of Quinte West. The nearest main intersection is Creelman and Leonard Avenue.. The postal code is K8V 2R3.
Is 37-43 Leonard Avenue still for sale?
Yes. It is an active listing (MLS® X13851086). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 37-43 Leonard Avenue asking?
Similar properties for sale nearby right now include 37-43 Leonard Avenue at $690,000, 1, 1A, 3, & 3A Ramsay Avenue at $699,000 (6 bed) and 37 Lorne Avenue at $624,900 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 37-43 Leonard Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 37-43 Leonard Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Trenton Ward, picked by style, size and price.
Investment$690,00037-43 Leonard Avenue, Quinte WestTrenton WardCourtesy of: RE/MAX Jazz INC.View home →
Multiplex$699,0001, 1A, 3, & 3A Ramsay Avenue, Quinte West6 bed · 4 bath · Trenton WardCourtesy of: Royal LePage ProAlliance RealtyView home →
Triplex$624,90037 Lorne Avenue, Quinte West5 bed · 3 bath · Trenton WardCourtesy of: Royal Lepage Proalliance RealtyView home →Courtesy of: RE/MAX Jazz INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.