363 Front Street, Belleville, ON K8N 2Z9

Belleville K8N 2Z9 Ontario

MLS: X12753752

$2,075,000

Added 6 days ago | For Sale

Listed by: ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

About Property

Royal LePage Commercial - The Investments Group 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.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 33.49 X 98.98
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Dundas S E
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $8326.66
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12753752

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