Added 4 months ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-Over 20 Units
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Zoning: C3
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Age: 51-99 years
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Taxes: 28000
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MLS®#: X9238491
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Days on Site: 109 Days
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Added: Aug 01, 2024 (4 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: ROYAL LEPAGE PROALLIANCE REALTY
Seize this exceptional investment opportunity in Belleville's East End. This property features a diversified income stream, anchored by a reliable, long-term not-for-profit tenant on a secure 10-year lease, encompassing office spaces and 38 residential units. Additionally, 28 bachelor units on individual leases offer flexibility and future upside potential with rent increases. A comprehensive renovation completed in 2023 included updates to electrical and plumbing systems, interior finishing, a fob security system, and more. Each unit has been retrofitted with a kitchenette, new bathroom, and high-quality flooring, ensuring modern comfort and appeal. The property generates excellent monthly and annual income with low annual expenses, making it a financially attractive asset. Situated in a vibrant area with consistent demand, this property is perfect for discerning investors seeking stability and high returns. Its prime location provides easy access to amenities, public transportation, and a thriving community. Belleville's East End is known for its dynamic atmosphere and growth potential, ensuring that this investment remains lucrative for years to come. Don't miss out on this rare chance to add a high-performing property to your portfolio. This asset guarantees financial growth and security, presenting a unique opportunity for those looking to capitalize on a thriving market. Act now to secure this lucrative investment and enjoy the benefits of a stable, high-yield property in one of Belleville's most sought-after areas. This is your opportunity to make a smart, future-proof investment in a prime location
Property
Status: Sale
Type: Apts-Over 20 Units
Property Type: Investment
Property Type: Apartment
Age: 51-99
Area: Belleville
Availability Date: Immediate/Flex
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Closd
Elevator: Public
UFFI: No
Green Verification Status: N
Freestanding: Y
Outside Storage: Y
Water Supply: Municipal
Physically Handicapped-Equipped: Y
Parking
Garage Type: None
Fees
Tax Year: 2023
Tax Legal Description: Pt of Lt 33E Reg Plan 166
Taxes: $28,000
Taxes Type: Annual
Land
Cross Street: Dundas E/Bleecker
Municipality District: Belleville
Parcel Number: 404850065
Sewer: Sanitary
Lot Depth: 64.1 Metres
Lot Frontage: 70.54 Metres
Zoning: C3
Commercial Specific
Sprinklers: Y
Total Area: 42000
Total Area Metric: Sq Ft
Area Influence: Major Highway
Area Influence: Public Transit
Franchise: N
Tangible Property Included: N
Lot Code: Lot
Survey: Y
Soil Test: Y
Financial Statement: Y
Queen Elizabeth Public School
Elementary: PublicHoly Rosary Catholic School
Elementary: CatholicQueen Victoria School
Elementary: PublicSt Joseph Catholic School
Elementary: CatholicSt Michael Catholic School
Elementary: CatholicHarry J Clarke Public School
Elementary: PublicSir James Whitney School for the Deaf
Secondary: ProvincialNicholson Catholic College
Secondary: CatholicQuinte Secondary School
Secondary: PublicMoira Secondary School
Secondary: PublicSt Theresa Catholic Secondary School
Secondary: CatholicCentennial Secondary School
Secondary: Public