41 Mill Street
Quinte West, ON
5 bed • 3 bath • approx. 1500-2000 sqft • Triplex • 106 days on market
ATTENTION INVESTORS - TRIPLEX WITH CITY-APPROVED 4TH UNIT IN DOWNTOWN FRANKFORD! Incredible opportunity to own a well-maintained, fully tenanted triplex in the heart of downtown Frankford with approval already in place from the city permitting the addition of a 4th unit - a major value-add opportunity for investors looking to significantly increase cash flow and property value. This pride-of-ownership property features a clean 2-bedroom upper unit, spacious 2-bedroom main floor unit, and a cozy 1-bedroom rear unit, all well maintained with excellent hassle-free tenants. Separately metered for hydro and water, the property offers efficient expense management and strong income potential. Detached garage provides additional storage space, while the unbeatable walkable location places tenants just minutes from Foodland, pharmacies, cafes, restaurants, the LCBO, and everyday amenities. Whether you're an investor looking for a turnkey income property with upside potential or a buyer wanting to live in one unit while the others help pay your mortgage, this is a rare opportunity in a growing community. Financials available.
Listing Details
- Taxes (2025)
- $3,205
- Listed
- May 14, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Accessory Apartment, In-Law Suite, In-Law Capability, Separate Hydro Meter, Primary Bedroom - Main Floor, Water Heater Owned
- Lot Size
- 70.6 x 136.12 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Mill St / Elgin Dr
- Zoning
- R3
- Parcel Number
- 403520071
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- Fridge & Stove for Unit B (rear unit).
- Exclusions
- Tenant belongings.
- Rental Items
- NONE
Schools
Elementary
- Frankford Public School0.4 km
Public · Hastings & Prince Edward DSB · 310 students
Grade 3 reading: 57% met the provincial standard · Grade 6 math: 62% met the provincial standard
- Stockdale Public School2.6 km
Public · Kawartha Pine Ridge DSB · 230 students
Grade 3 reading: 64% met the provincial standard · Grade 6 math: 47% met the provincial standard
- Sacred Heart Catholic School3.4 km
Catholic · Algonquin and Lakeshore CDSB · 160 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 45% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K0K
- Population
- 115,850
- Private dwellings
- 53,153
- Median age
- 50.8
- Average household size
- 2.4
- Median household income
- $83,000
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
Residential Freehold in Quinte West · last 12 months
- Median sold price
- $510,000
- Homes sold
- 655
- Median days on market
- 29
- Sale-to-list price
- 97.6%
Based on 655 recorded sales of residential freehold properties in Quinte West over the last 12 months.
Rooms
4-piece on Second, 4-piece on Main, 3-piece on Ground
Second
- Bedroom 212'3" x 9'9"
- Kitchen10' x 10'6"
- Living Room8'1" x 17'
- Primary Bedroom12'3" x 12'
Main
- Bedroom 212'3" x 7'6"
- Kitchen19'3" x 15'4"
- Living Room11'10" x 13'4"
- Primary Bedroom11'10" x 8'10"
Ground
- Bedroom5'5" x 8'4"
- Kitchen8'2" x 11'11"
- Living Room10'10" x 10'2"
Listed by
eXp Realty
Location
Mortgage Calculator
$105,980
Estimated Monthly Payment
$2,603
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,603/mo (20% down, 5.5%)
Taxes: $267/mo · Insurance: $132/mo
Estimates only. Consult a financial advisor.
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