$549,900
Available - For Sale
Listing ID: X12570026
108 Moira Street West , Belleville, K8P 1S9, Hastings
| QUICK CLOSE IN 2025 - AFFORDABLE MULTI-RESIDENTIAL INVESTMENT IN THE HEART OF THE BAY OF QUINTE. ******************************* List price UNDER $92,000 per suite. ********************************** This solid all-brick, 3-storey 6-plex features six 2-bedroom units, a long history of full occupancy, and an unbeatable west-end Belleville location just steps from vibrant, historic downtown Belleville and the scenic Moira River & waterfront trail. Enjoy top-tier walkability with beloved local spots like Small Scale Bread, L'Auberge de France, and The Local Social House only moments away - an attractive draw for quality residents and visitors alike. Financials for 2025 show Gross Revenue exceeding $80,000 annually and a Net Operating Income of approximately $45,000, with an allowance for an 8% Management / Maintenance Fee (currently self-managed) delivering an impressive return on investment. With current average rents sitting well below market, there is significant upside to reposition this asset for income growth. Two separate laundry and utility rooms for tenant convenience. Don't miss this chance to secure at an affordable price a stable, well-located multi-residential asset in the Bay of Quinte - one of Ontario's fastest-growing and most desirable communities. Don't miss attached brochure - Investing in Belleville in the Bay of Quinte Area. ****************************************Offers to be reviewed Wednesday, November 26th at 4 pm. Please send offers to Sean@RemaxQuinte.com ********************************* |
| Price | $549,900 |
| Taxes: | $8442.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 108 Moira Street West , Belleville, K8P 1S9, Hastings |
| Postal Code: | K8P 1S9 |
| Province/State: | Hastings |
| Legal Description: | PT LT 21 SW/S WALLBRIDGE RD PL 148 THURL |
| Directions/Cross Streets: | Moira Street W. & Wallbridge Cr. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 0 | |
| Washroom Type 32 | 0 | |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 3956.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Greenbelt/Conse Public Transit |
| Approximatly Age: | 51-99 |
| Business/Building Name: | 108 Moira Street |
| Financial Statement: | T |
| Chattels: | F |
| Franchise: | F |
| Management Expense: | 6438 |
| Water Expense: | $4524 |
| Net Income Before Debt: | $45470 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Outside Storage: | F |
| Crane: | F |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
$
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX QUINTE LTD. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Belleville |
| Neighbourhood: | Belleville Ward |
| Approximate Age: | 51-99 |
| Tax: | $8,442 |
| Fireplace: | N |
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