363 Front St - Apartments FOR SALE


Belleville, ON K8N 2Z9
$2,075,000 CAD
343-453-3701
363 Front St, Belleville, ON for Sale
$2,075,000 CAD
Apartments - FOR SALE
1/8
null | 6.53% Cap Rate

363 Front St
Belleville, ON K8N 2Z9


HIGHLIGHTS

  • Qualified for 40 year CMHC Loan
  • All Rebuilt in 2024 from the framing inwards
  • Potentially exempt from rent controls

OVERVIEW

Cento Capital is pleased to present The Front St. Lofts at 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 one-bedroom residential apartments. The building has been upgraded with structural improvements, new plumbing, electrical, HVAC, windows, doors, kitchens, and modern finishes throughout, offering a true turnkey investment. The asset is MLI qualified, with a VTB options available, and includes a five-year structural warranty by Cento Capital. The commercial unit is secured by a five-year semi-gross lease with annual escalations, and all residential suites are leased at current market rents. In place property management can be assumed, featuring onsite management, automated rent collection software, and a fully automated management system, allowing for seamless ownership. The asset is well positioned for CMHC-insured financing, subject to lender approval.

FOR SALE DETAILS

PRICE

$2,075,000 CAD

PRICE/SF

$358 CAD /SF

# OF UNITS

8

PRICE/UNIT

$259,375

CAP RATE

6.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Front St Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2-6

APN/PARCEL ID

120802006503700

ASK ABOUT THIS PROPERTY

Adam KrawecRe/Max Escarpment Realty IncMore Info
343-453-3701

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Adam KrawecRe/Max Escarpment Realty IncMore Info
343-453-3701

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