228 Dundas Street East, Belleville | Image 1

228 Dundas Street East

Belleville

  • Commercial

$18,900,000
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: C3

  • Age: 51-99 years

  • Taxes: 28000

  • MLS®#: X9238491

  • Days on Site: 109 Days

  • Added: Aug 01, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • 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

Map of 228 Dundas Street East, Belleville
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