37-43 Leonard Avenue, Quinte West, ON K8V 2R3
- Property tax
- $4,599 / year
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.
- MLS number
- X13620482
- Type
- Fourplex
- Status
- Active
- Bedrooms
- 12
- Bathrooms
- 4
- Postal code
- K8V 2R3
- Photos
- 5
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.
Rooms
8 rooms as the listing brokerage filed them, with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Living Room | 2.97 × 4.85 m | — |
| Dining Room | 2.48 × 3.48 m | — |
| Kitchen | 2.03 × 3.35 m | — |
| Utility Room | 2.05 × 1.52 m | — |
| Bathroom | 2.08 × 1.47 m | — |
| Primary Bedroom | 3.35 × 2.95 m | — |
| Bedroom 2 | 3.27 × 2.44 m | — |
| Bedroom 3 | 3.15 × 2.36 m | — |
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
- Fourplex
- Style
- 1 Storey/Apt
- Class
- Residential Freehold
- Age
- 51-99
- Fronting on
- East
- Community
- Trenton Ward
- Municipality
- Quinte West
- Cross street
- Creelman and Leonard Avenue.
- Zoning
- R5
Inside
- Bedrooms
- 12
- Bedrooms above grade
- 6
- Bathrooms
- 4
- Washrooms
- 2 on the main floor · 2 on the lower floor
- Kitchens
- 4
- Rooms above grade
- 14
- Basement
- Apartment, Walk-Out
- Size
- 1500-2000
Building
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Block
- Other structures
- Garden Shed
Parking
- Covered spaces
- 0
- Driveway spaces
- 12
- Total parking
- 12
- Features
- Private Triple
Land
- Lot
- 105.83 × 102.63 feet
- Shape
- Rectangular
- Pool
- None
Heating, cooling and services
- Heating
- Radiant
- Heat source
- Gas
- Cooling
- None
- Water
- Municipal
- Sewer
- Sewer
Features
- Property
- Level, Place Of Worship, Public Transit, School, Rec./Commun.Centre
- Interior
- Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater
- Exterior
- Patio
Listing
- MLS number
- X13620482
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-07-30
- Expires
- 2026-09-30
- Taxes
- $4,599 (2025)
- Board
- Central Lakes Association of REALTORS
Listing history
This address has been listed 3 times.
Where this property is
Where this address sits, matched against open government data.
Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.
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 |
|---|---|---|---|
| V P Carswell Public School Hastings & Prince Edward DSB | Elementary | 454 m | / 10 65% met the standard |
| Trent River Public School Hastings & Prince Edward DSB | Elementary | 1.2 km | / 10 53% met the standard |
| St Mary Catholic School Algonquin and Lakeshore CDSB | Elementary | 1.6 km | / 10 64% met the standard |
| North Trenton Public School Hastings & Prince Edward DSB | Elementary | 1.8 km | Not reported |
| St Peter Catholic School Algonquin and Lakeshore CDSB | Elementary | 2.2 km | / 10 61% met the standard |
| École élémentaire publique Marc-Garneau CÉP de l'Est de l'Ontario | Elementary | 2.0 km | Not reported |
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
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 430 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35120313 — the few blocks around this address, home to 430 people. It describes the area, not this property.
Percentages are of the 235 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.