540 Old Hwy 2
Quinte West, ON
7,350 sqft • Investment • 111 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
Utilities
- Sewer
- Septic
Location & Legal
- Cross Street
- 1st Avenue.
- Zoning
- CR
- Parcel Number
- 404170002
- Possession
- Flexible
Commercial
- Business Type
- Apts - 6 To 12 Units
- Occupancy
- Tenant
- 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
- 658
- Median days on market
- 29
- Sale-to-list price
- 97.6%
Based on 658 recorded sales of commercial properties in Quinte West over the last 12 months.
Listed by
Royal Lepage Proalliance Realty
Location
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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