363 FRONT Street, Belleville, Ontario, K8N 2Z9

$2,075,000

MLS® # 40801889

Investment For Sale In Belleville, Ontario

$2,075,000

Property Information:

Royal LePage Commercial – The Investments Group is pleased to present 363 Front Street, Belleville, Ontario, a fully renovated mixed-use investment property located in Belleville’s downtown core. The property comprises one ground-floor commercial unit and seven legal one-bedroom residential apartments. The building has been comprehensively upgraded, including structural improvements, new plumbing, electrical, HVAC, windows, doors, kitchens, and modern finishes throughout, offering a true turnkey investment. The commercial unit is secured by a new five-year semi-gross lease with annual escalations, while all residential suites are leased at current market rents. The asset is well positioned for CMHC-insured financing, subject to lender approval. (id:27)

Building Features:

  • Style: Multiplex
  • Air Conditioning: Yes
  • Basement Type: None
  • Exterior Finish: Stone
  • Floor Space: 7068 sqft
  • Heating Type: Baseboard heaters, Heat Pump
  • Cooling Type:

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Highway access
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 7068 Square Feet
  • Lot Depth: 99 Feet
  • Lot Frontage: 33 Feet
  • Zoning: C2-6
  • Sewer: Municipal sewage system
  • Parking Type: Visitor parking

Courtesy of: Royal LePage Burloak Real Estate Services

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