188 Henry Street, Quinte West, ON K8V 5L3
- Property tax
- $6,781 / year
Must be sold together with 28 McColl St, MLS #X13140164. Great Investment Opportunity in Trenton. Some VTB possible. 188 Henry St has four 2-bedroom units and two 1-bedroom unit. These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with some units renovated. Numerous capital improvements have been completed in recent years, including electrical, windows, roofing and front doors. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds available for additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.
- MLS number
- X13140160
- Type
- Multiplex
- Status
- Active
- Bedrooms
- 10
- Bathrooms
- 6
- Postal code
- K8V 5L3
- Photos
- 6
- Laundry
- Lower Level level
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Multiplex
- Style
- 2-Storey
- Class
- Residential Freehold
- Fronting on
- North
- Community
- Trenton Ward
- Municipality
- Quinte West
- Cross street
- Dundas/McColl
- Zoning
- R6
Inside
- Bedrooms
- 10
- Bedrooms above grade
- 10
- Bathrooms
- 6
- Washrooms
- 6
- Kitchens
- 6
- Rooms above grade
- 28
- Basement
- Apartment
- Laundry
- Lower Level
- Size
- 3000-3500
Building
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
Parking
- Covered spaces
- 0
- Driveway spaces
- 6
- Total parking
- 6
- Features
- Private
Land
- Lot
- 112.4 × 56.46 feet
- Shape
- Irregular
- Pool
- None
Heating, cooling and services
- Heating
- Water
- Heat source
- Gas
- Cooling
- None
- Water
- Municipal
- Sewer
- Sewer
Features
- Property
- Lake/Pond, Marina, Public Transit, School, Hospital, Park
- Interior
- Water Heater, Water Heater Owned, Water Meter
Listing
- MLS number
- X13140160
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-05-15
- Expires
- 2026-09-30
- Taxes
- $6,781 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this property is
Where this address sits, matched against open government data.
Approximate — placed from the postal code, which can cover a block or more.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Trenton High School Hastings & Prince Edward DSB | Secondary | 298 m | / 10 36% met the standard · 2 of 6 measures |
| Trenton High School Elementary School Hastings & Prince Edward DSB | Elementary | 397 m | Not reported |
| Prince Charles Public School Hastings & Prince Edward DSB | Elementary | 861 m | / 10 59% met the standard |
| St Peter Catholic School Algonquin and Lakeshore CDSB | Elementary | 776 m | / 10 61% met the standard |
| St Paul Catholic Elementary School Algonquin and Lakeshore CDSB | Elementary | 833 m | Not reported |
| St Paul Catholic Secondary School Algonquin and Lakeshore CDSB | Secondary | 896 m | / 10 64% met the standard · 2 of 6 measures |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 486 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35120328 — the few blocks around this address, home to 486 people. It describes the area, not this property.
Percentages are of the 290 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.