24 Water Street
Trent Hills, ON
- 3,923 sqft
- Investment
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 6 + 1 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
- Lot Size
- 100 x 161 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- HWY 45 & WATER ST
- Zoning
- R2 AS PER GEO
- Parcel Number
- 512130071
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Exclusions
- All Tenants personal belongings.
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
Commercial 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 commercial properties in Trent Hills over the last 12 months.
Listed by
Royal Heritage Realty Ltd.
Walk Score
Walk
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Location
Street View
Commercial figures
- Building area
- 3,923 sq ft
- Price per sq ft
- $344.12
- Annual property tax
- $5,486
- Tax per sq ft
- $1.40
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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