48 Alexander Street, Belleville | Image 1

48 Alexander Street

Belleville

  • - bed - bath
$X,XXX,XXX est.*: $15,210/mo
For Sale

Added 2 months ago

Sign in or Register • To view all data & photos, an account is required by the Toronto Real Estate Board.

  • Type: Multiplex

  • Style: 2-Storey

  • Lot Size: 65.75 x 300 Feet

  • Age: No Data

  • Taxes: $45,165 per year

  • Days on Site: 10 Days

  • Added: Sep 10, 2024 (2 months ago)

  • Updated:

  • Last Checked: 22 hours ago

  • MLS®#: X9343998

  • Listed By: Marino locations limited

24 unit residential apartment building available for the first time since 1986 on the north side of Alexander Street between Mt. Pleasant Rd. & Ann St. in central Belleville, ON. The building is nearly 96% occupied with only 1 unit currently vacant; 20 of the units are 2 bedroom (appx. 870 SF) and 4 of the units are 1 bedroom (aprx. 680 SF). There are approximately 30 parking space in total with each unit having 1 designated parking space with the remaining 6 parking spots being for visitors in addition to nearby street parking. The steel roof has has been repaired 3 years ago and remains in good condition with 20+ years of remaining life expected. There is a common laundry room facility paid for by the tenants using machines rented by the landlord at a cost of $200 per month. 7 water heaters are owned with 1 being rented from Reliance. Municipal taxes in 2024 were $45,164.63. Additional financial information including the revenues/expenses can be shared confidentiality with serious buyers only. The MLS system only permits a listing to include a maximum of 9 bedrooms and 9 kitchens, but please note that is not accurate since there are actually 44 bedrooms in total and 24 kitchens in total (1 per suite). Tours must be arranged in advance as the building is locked at all times & tenants may need to be notified in advance. This building produces excellent monthly revenue, which can be increased every year in accordance with the residential tenancies act. There are also opportunities for cost savings on operational expenditures to significantly increase the net operating income & therefore the value of this property, making it an attractive investment opportunity at a reasonable price. Take advantage of the decreasing interest rates being offered by banks today!

Upcoming Open Houses

  We do not have information on any open houses currently scheduled.

  Schedule a Private Tour -

Contact Us

Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Area: Belleville

  • Availability Date: On closing

Inside

  • Bedrooms: 9

  • Bathrooms: 24

  • Kitchens: 9

  • Rooms: 24

  • Den/Family Room: Yes

  • Air Conditioning: Other

  • Fireplace: No

  • Washrooms: 24

Building

  • Basement: None

  • Heat Type: Radiant

  • Heat Source: Electric

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Other

  • Garage Type: None

  • Covered Parking Spaces: 30

  • Total Parking Spaces: 30

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 14 S/S HILL PL 126 THURLOW; PT LT 28 MEYERS ORCHARD PL HAS

  • Taxes: $45,165

Land

  • Cross Street: Ann Street

  • Municipality District: Belleville

  • Fronting On: North

  • Parcel Number: 405140053

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 300 Feet

  • Lot Frontage: 65.75 Feet

  • Acres: < .50

Sign in or Register • To view all data & photos, an account is required by the Toronto Real Estate Board.

Very Walkable

  • Most errands can be accomplished on foot.
79 /100

Very Bikeable

  • Most errands can be accomplished on bike.
80 /100
Join or Sign in • See photos & sold data
 ResidentialProperty 113 Moira Street West
Sold Nov 05, 2020
$XXX,XXX
  • — bath
  • — bed
  • — sqft

113 Moira Street West, Belleville, Ontario • K8P 1T1

Join or Sign in • See photos & sold data
 ResidentialProperty 187-193 Station Street
Sold Mar 03, 2023
$XXX,XXX
  • — bath
  • — bed

187-193 Station Street, Belleville, Ontario • K8M 2T2

Join or Sign in • See photos & sold data
Sold Jan 15, 2021
$XXX,XXX
  • — bath
  • — bed

83 Highland Avenue, Belleville, Ontario • K8P 3R2

Join or Sign in • See photos & sold data
 ResidentialProperty 144 Foster Avenue
Sold Jun 02, 2024
$XXX,XXX
  • — bath
  • — bed
  • — sqft

144 Foster Avenue, Belleville, Ontario • K8N 3P9

Map of 48 Alexander Street, Belleville
JK-8

Queen Elizabeth Public School

Elementary: Public
1.36 km
JK-8

Holy Rosary Catholic School

Elementary: Catholic
0.92 km
JK-6

Queen Victoria School

Elementary: Public
0.57 km
JK-8

Prince Charles Public School

Elementary: Public
1.44 km
JK-8

Prince of Wales Public School

Elementary: Public
1.11 km
JK-8

St Michael Catholic School

Elementary: Catholic
0.38 km
9-12

Sir James Whitney School for the Deaf

Secondary: Provincial
2.98 km
9-12

Nicholson Catholic College

Secondary: Catholic
0.32 km
9-12

Quinte Secondary School

Secondary: Public
1.15 km
9-12

Moira Secondary School

Secondary: Public
2.28 km
9-12

St Theresa Catholic Secondary School

Secondary: Catholic
2.21 km
9-12

Centennial Secondary School

Secondary: Public
2.56 km

  • Lion’s Park

    54 Station St (Station St), Belleville ON K8N 2S5 0.29km

  • Memorial Park

    Cannifton Rd (Cannifton & Reid), Belleville ON 0.43km

  • QV Playground

    Belleville ON 0.45km

  • BMO Bank of Montreal

    390 N Front St, Belleville ON K8P 3E1 0.54km

  • CIBC

    237 N Front St (Campbell), Belleville ON K8P 3C3 0.76km

  • Localcoin Bitcoin ATM - County Convenience Store

    44 Moira St W, Belleville ON K8P 1S3 0.79km