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$ 18,900,000
Est. payment /mo
Price Dropped by $2.1M
228 DUNDAS STREET E Belleville, ON K8N1E4
42,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 42,000 sqft
Price per Sqft $450
MLS® Listing ID X9238491
Originating Board Central Lakes Association of REALTORS®
Property Description
Seize this exceptional investment opportunity in Belleville's East End. This property features a diversified income stream, anchored by a reliable, long-term not-for-profit tenant on a secure 10-year lease, encompassing office spaces and 38 residential units. Additionally, 28 bachelor units on individual leases offer flexibility and future upside potential with rent increases. A comprehensive renovation completed in 2023 included updates to electrical and plumbing systems, interior finishing, a fob security system, and more. Each unit has been retrofitted with a kitchenette, new bathroom, and high-quality flooring, ensuring modern comfort and appeal. The property generates excellent monthly and annual income with low annual expenses, making it a financially attractive asset. Situated in a vibrant area with consistent demand, this property is perfect for discerning investors seeking stability and high returns. Its prime location provides easy access to amenities, public transportation, and a thriving community. Belleville's East End is known for its dynamic atmosphere and growth potential, ensuring that this investment remains lucrative for years to come. Don't miss out on this rare chance to add a high-performing property to your portfolio. This asset guarantees financial growth and security, presenting a unique opportunity for those looking to capitalize on a thriving market. Act now to secure this lucrative investment and enjoy the benefits of a stable, high-yield property in one of Belleville's most sought-after areas. This is your opportunity to make a smart, future-proof investment in a prime location (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Sanitary sewer
Listed by ROYAL LEPAGE PROALLIANCE REALTY
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