24 Water Street
Trent Hills, ON
- 8 bed
- 7 bath
- approx. 3500-5000 sqft
- Multiplex
Excellent investment opportunity, This mostly renovated well-maintained 6 + 1 -unit apartment building offers a desirable mix of two bachelor apartments, two one-bedroom apartments and three two-bedroom apartments, providing a diversified rental mix within one property. Five of the six + one units have been renovated, adding to the overall appeal of this established income-producing property. All units are separately metered for both water and hydro, an attractive feature for multi-residential ownership and long-term operating efficiency. The building currently generates approximately $104,263 in gross annual rental income, providing strong existing cash flow with scheduled future rent increases offering additional income potential. Adding to the property's appeal is the potential for future development of an additional multi-unit residential building on the property, creating an opportunity to further increase the number of rental units and overall income potential. Buyer to complete their own due diligence regarding zoning, servicing, development potential, building permits and all required municipal and regulatory approvals. Hastings is situated along the Trent-Severn Waterway, at the meeting of the Trent River and Rice Lake, making the area popular for boating, fishing and outdoor recreation. The community offers local shops, restaurants, parks, trails and essential services, while nearby Campbellford provides additional shopping, healthcare, dining and recreational amenities. With its waterfront setting, relaxed lifestyle and convenient access to surrounding communities, Hastings continues to be an appealing place to live for a wide range of residents. A compelling opportunity combining 6 + 1 existing rental units, immediate income, separately metered utilities and future development potential-an excellent addition to a multi-residential investment portfolio.
Listing Details
- Taxes (2026)
- $5,486
- Listed
- October 22, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Roof
- Metal, Fibreglass Shingle
- Foundation
- Stone
- Interior
- Separate Hydro Meter, Separate Heating Controls
- Lot Size
- 100.84 x 161.53 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 10
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Bridge St S to Water St
- Parcel Number
- 512130071
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- All tenants personal property
Schools
Elementary
- Hastings Public School0.6 km
Public · Kawartha Pine Ridge DSB · 120 students
Grade 3 reading: 73% met the provincial standard
- Norwood District Intermediate School3.8 km
Public · Kawartha Pine Ridge DSB · 115 students
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 K0L
- Population
- 78,142
- Private dwellings
- 48,786
- Median age
- 54
- Average household size
- 2.3
- Median household income
- $79,000
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 Trent Hills · last 12 months
- Median sold price
- $527,500
- Homes sold
- 244
- Median days on market
- 40
- Sale-to-list price
- 95.5%
Based on 244 recorded sales of residential freehold properties in Trent Hills over the last 12 months.
Listed by
Royal Heritage Realty Ltd.
Walk Score
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Scores by Walk Score®
Location
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Mortgage Calculator
$270,000
Estimated Monthly Payment
$6,632
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,632/mo (20% down, 5.5%)
Taxes: $457/mo · Insurance: $337/mo
Estimates only. Consult a financial advisor.
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