24 WATER STREET, Trent Hills
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. (id:25961)
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Details
- Parking Spaces: 10
- Transaction: For sale
- Water Body Name: Trent Severn River
Building
- Amenities: Separate Electricity Meters, Separate Heating Controls
- BasementType: N/A (Unfinished)
- Basement Development: Unfinished
- Bedrooms Main Level: 8
- Cooling: Wall unit
- Exterior Finish: Vinyl siding
- Fireplace Present: False
- Foundation: Stone
- Bathrooms (Total): 7
- Heating: Heat Pump
- Heating Fuel: Electric
- Size Interior: 3500 - 5000 sqft
- Stories Total: 2
- Type: Other
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 161 ft ,6 in
- Size Frontage: 100 ft ,9 in
- Size Irregular: 100.8 x 161.5 FT
This property for sale is located at 24 WATER STREET in Hastings. It was last modified on October 22nd 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Hastings properties for sale.
Listing provided by Royal Heritage Realty Ltd.
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