$2,299,900

Belleville (Belleville Ward) ON, K8N 2Z9

MLS® # X12440543

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 5800 sqft
Heating Type: Baseboard heaters
Cooling Type: None
Appliances: Dishwasher, Dryer

Property Features:

Property Type: Multi-family
Floor Space (approx): 5800 Square Feet
Irregular: Yes
Lot Depth: 98.9 Feet
Lot Frontage: 33.4 Feet
Lot Size: 33.49 x 98.98 FT
Zoning: C2-6

Courtesy of: RE/MAX ESCARPMENT REALTY INC., BROKERAGE

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Market Price Trends

Location of 363 FRONT STREET, Belleville (Belleville Ward), Ontario, K8N 2Z9

Lifestyle
Neighbourhood

Demographic Information of 363 FRONT STREET, Belleville (Belleville Ward), Ontario, K8N 2Z9

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$111,909.01

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.91 %

High school certificate or equivalent

29.56 %

Apprenticeship trade certificate/diploma

7.96 %

College/non-university certificate

24.51 %

University certificate (below bachelor)

0.34 %

University Degree

24.72 %

Commuter

Travel To Work

By Car

81.71 %

By Public Transit

2.39 %

By Walking

6.99 %

By Bicycle

0.0 %

By Other Methods

8.91 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

53.86 %

Houses

46.14 %

Own Vs. Rent