$2,599,000
Available - For Sale
Listing ID: X11966547
363 Front St , Belleville, K8N 2Z9, Ontario
| 8 UNIT - Secure $160,800 in annual income from this exceptional, fully tenanted, turn-key commercial property in the heart of Bellevilles dynamic downtown. MLI SELECT POTENTIAL - Ductless Splits Roughed In. Completely rebuilt to modern standards, this property boasts brand-new construction, including framing, walls, flooring, plumbing, electrical panel, wiring, windows, doors, and lighting all designed to meet current building codes and minimize future maintenance. Each tenant is responsible for their own utilities, providing low overhead and strong net returns for investors. Positioned in a high-demand location, 363 Front Street is a rare opportunity offering both immediate cash flow and long-term appreciation potential. Properties of this caliber are in short supply. |
| Price | $2,599,000 |
| Taxes: | $12638.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 363 Front St , Belleville, K8N 2Z9, Ontario |
| Postal Code: | K8N 2Z9 |
| Province/State: | Ontario |
| Lot Size: | 33.49 x 98.98 (Feet) |
| Directions/Cross Streets: | Dundas S E |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 5800.00 |
| Total Area Code: | Sq Ft |
| Taxes Expense: | $12638 |
| Insurance Expense: | $4500 |
| Management Expense: | 0 |
| Heat Expenses: | $0 |
| Hydro Expense: | $2846 |
| Water Expense: | $0 |
| Other Expenses: | $0 |
| Gross Income/Sales: | $160800 |
| Operating Expenses: | $0 |
| Vacancy Allowance: | 0 |
| Net Income Before Debt: | $140816 |
| Estim Inventory Values At Cost : | 0 |
| Common Area Upcharge: | 0 |
| Percentage Rent: | 0 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | N |
| Water: | Municipal |
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| RE/MAX ESCARPMENT REALTY INC., BROKERAGE |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Belleville |
| Lot Size: | 33.49 x 98.98(Feet) |
| Tax: | $12,638 |
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