249-253 Front St - Apartments FOR SALE


Belleville, ON K8N 2Z6
$3,750,000 CAD
613-969-9901
249-253 Front St, Belleville, ON for Sale
$3,750,000 CAD
Apartments - FOR SALE
1/10
null | Request Cap Rate

249-253 Front St
Belleville, ON K8N 2Z6


HIGHLIGHTS

  • This multi-use property features a mix of 3 commercial units and 11 residential apartments, offering a diverse and stable revenue stream.
  • Residential layout includes 8 bachelor units, 2 one-bedroom units, and 1 two-bedroom unit, all recently renovated with modern amenities.
  • Two commercial spaces are currently leased, while a 2,161 sq ft open-concept unit is available for customization.
  • Select residential units are furnished and licensed for short-term accommodation, appealing to both long- and short-term tenants.

OVERVIEW

Introducing your next investment opportunity, the Burrows Building! Located in Downtown Belleville, this multi-use building offers a blend of commercial and residential spaces, ensuring a diverse revenue stream. Among its highlights are 3 commercial and 11 residential units: 8 bachelors, 1 two-bedroom, and 2 one-bedroom apartments. With two of the commercial spaces being currently leased, an additional vacant 2161 sqft open concept unit awaits customization to meet tenants or owners needs. The residential units have undergone extensive recent renovations, showcasing contemporary amenities with the building's unique architectural charm. Some units are furnished and licensed for short-term accommodation, catering to both long and short term tenants. The Burrows Building has been completely upgraded and renovated within the last 3 years, including a total rebuild with structural upgrades, a new lower roof, new windows, new fire escapes, and security enhancements with surveillance cameras. Boasting stable rental income and promising growth potential, the Burrows Building presents an exceptional opportunity to expand your investment portfolio.

FOR SALE DETAILS

PRICE

$3,750,000 CAD

PRICE/SF

$295 CAD /SF

# OF UNITS

11

PRICE/UNIT

$340,909

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jamie TrokeEkort Realty Ltd. BrokerageMore Info
613-969-9901

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Jamie TrokeEkort Realty Ltd. BrokerageMore Info
613-969-9901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.