540 Old Hwy 2
Quinte West, ON
- 7,350 sqft
- Investment
- 131 days on market
This turnkey investment property features two fully leased buildings with strong, consistent income potential. Building 1 includes seven residential units and one commercial space, offering an attractive mix of revenue streams. The residential component consists of four spacious two-bedroom apartments and three one-bedroom apartments, appealing to a broad tenant base. The commercial unit features an approximately 800 sq ft. garage/workshop, adding valuable commercial income potential. Building 2 offers two additional residential units, including a bright ground-floor two-bedroom apartment and a well-appointed two-bedroom basement apartment. With dependable tenants already in place and a balanced mix of residential and commercial occupancy, this property represents an excellent opportunity for investors seeking stable cash flow and long-term portfolio growth.
Listing Details
- Taxes (2025)
- $15,005
- Listed
- May 8, 2026
Price History
Property
- Lot Size
- 188.22 x 142.3 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Septic
Location & Legal
- Cross Street
- 1st Avenue.
- Zoning
- CR
- Parcel Number
- 404170002
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
- Office / Apartment Area
- 7350 Sq Ft
Community
Postal area K8V
- Population
- 28,936
- Private dwellings
- 12,523
- Median age
- 43.6
- Average household size
- 2.4
- Median household income
- $76,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Quinte West · last 12 months
- Median sold price
- $510,000
- Homes sold
- 655
- Median days on market
- 29
- Sale-to-list price
- 97.5%
Based on 655 recorded sales of commercial properties in Quinte West over the last 12 months.
Listed by
Royal Lepage Proalliance Realty
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 7,350 sq ft
- Price per sq ft
- $190.48
- Annual property tax
- $15,005
- Tax per sq ft
- $2.04
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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