249-253 Front Street,Belleville (Belleville Ward), ON K8N2Z6
Belleville (Belleville Ward), ON K8N2Z6
Description
Introducing the Burrows Building, a turnkey mixed-use investment opportunity in the heart of Downtown Belleville. This fully renovated and fully tenanted property offers stable, diversified income streams through a mix of commercial and residential units, making it an attractive opportunity for private investors, real estate professionals, and portfolio landlords alike. The building features 2 commercial units and 11 residential apartments, including 8 bachelor units, 1 two-bedroom unit, and 2 one-bedroom units, all of which are currently leased and have a history of strong tenant demand and minimal vacancy. Extensive renovations and capital improvements have already been completed, including structural upgrades, new windows, new fire escapes, enhanced security systems, and significant interior renovations throughout the building. The building's historic character has been preserved with exposed brick walls, while modern upgrades provide functionality and comfort. Located in Belleville's growing Downtown Core, the property benefits from ongoing economic development, nearby amenities, and continued demand for both residential and commercial space. The Burrows Building presents an excellent opportunity to acquire a stabilized, income-producing asset with immediate cash flow and long-term appreciation potential. (id:13843)
Details
| MLS # | X13463854 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 134 |
| Listing Provided By | EKORT REALTY LTD. | Jamie Troke |
Features
| SQ Feet | 12,722 |
|---|---|
| Zoning | MX1 |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Hot water radiator heat, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 26753.4 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Belleville (Belleville Ward) |
| Postal Code | K8N2Z6 |
| Listing VS Median (in K8N2Z6) | |
Price: $2,550,000 low | high Med: $2,150 sqft: 12,722 low | high Med: 700 $ / sqft: $200 low | high Med: $3 On site: 134 low | high Med: 99 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Belleville (Belleville Ward) |
| Postal Code | K8N2Z6 |
| Listing VS Median (in K8N2Z6) | |
Price: $2,550,000 low | high Med: $2,150 sqft: 12,722 low | high Med: 700 $ / sqft: $200 low | high Med: $3 On site: 134 low | high Med: 99 | |
