$ 3,950,000
249-253 Front ST Belleville, ON K8N 2Z6
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,950,000
Est. payment /mo
Price Dropped by $348K
249-253 Front ST Belleville, ON K8N 2Z6
12,722 SqFt
UPDATED:
11/18/2024 08:04 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,722 sqft
Price per Sqft $310
MLS Listing ID X9391504
Annual Tax Amount $20,400
Tax Year 2023
Property Description
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.
Location
Province ON
County Hastings
Zoning MX1
Interior
Cooling Yes
Exterior
Utilities Available Yes
Listed by EKORT REALTY LTD.