LOADING

363 Front Street Belleville, Ontario K8N 2Z9

5800 sqft
None Baseboard Heaters

$2,299,900

25% DOWN FOR A CASH FLOWING 8 UNIT ON A TRANSFERABLE 40 YEAR MLI SELECT LOAN. Over 6% Cap. Secure $160,800 in annual income from this exceptional, fully tenanted, turn-key commercial property in the heart of Bellevilles dynamic downtown. Ductless Splits recently installed all res units. 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. New Buyer must qualify for MLI loan. (id:58671)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number X12440543
Property Type Multi-family
Community Name Belleville Ward

Building

Appliances Dishwasher, Dryer
CoolingType None
HeatingType Baseboard Heaters
SizeInterior 5800 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 98 Ft ,11 In
SizeFrontage 33 Ft ,5 In
SizeIrregular 33.49 X 98.98 Ft
SizeTotalText 33.49 X 98.98 Ft
ZoningDescription C2-6

https://www.realtor.ca/real-estate/28941868/363-front-street-belleville-belleville-ward-belleville-ward

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