249-253 Front Street Belleville, Ontario K8N 2Z6

12722 sqft
Fully Air Conditioned Hot Water Radiator Heat

$4,359,500

Introducing a prime investment opportunity: The Burrows Building in downtown Belleville! This versatile property offers a mix of commercial and residential units, providing multiple income streams. The building features 3 commercial spaces and 11 residential units, including 8 bachelor apartments, 1 two-bedroom, and 2 one-bedroom apartments. The residential units have been recently renovated, combining modern amenities with the building's historic charm. Some units are fully furnished and licensed for short-term rentals, catering to both long-term and short-term tenants. The Burrows Building has undergone significant upgrades in the last three years, including structural improvements, a new lower roof, site grading, updated drainage, new windows, and enhanced security with surveillance cameras. With stable rental income and potential for growth, the Burrows Building is a fantastic opportunity to expand your investment portfolio. NOI approx. $262,000. (id:47351)

Property Details

MLS® Number X9375596
Property Type Multi-family

Building

CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Hot Water Radiator Heat
SizeInterior 12722 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 178 Ft ,10 In
SizeFrontage 60 Ft ,4 In
SizeIrregular 60.4 X 178.88 Ft
SizeTotalText 60.4 X 178.88 Ft
ZoningDescription Mx1

https://www.realtor.ca/real-estate/27486363/249-253-front-street-belleville

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