$799,999

Investment For Sale In Belleville, Ontario

$799,999

Property Information:

Outstanding Opportunity for Investors with an Impressive 10+% Cap Rate! This Exceptional Turnkey Property is a Rare Find. Current Net Operating Income of $91,613 Per Year. This meticulously maintained property offers 5 Residential Units, including a 1-5 bedroom, 1-3 bedroom, and 3Bachelor units. The property boasts a beautifully landscaped secluded yard, private parking for 6cars, and is conveniently located near 3 bus routes. Additional features include coin laundry, keyless entries, cameras, and a fire-system for fire compliance. Recently Renovated in 2022-2023with updates such as a new deck, eavestrough, roof, siding, trench rainwater drainage system, laminate flooring, bathrooms, kitchens, parking spots, walkway, stairs, and appliances. This property also benefits from a very low maintenance property management system. **** EXTRAS **** Lot area: 6383 sqf, building 3444 sqf. All units fully furnished, furniture is negotiable. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Heating Controls
  • Architectural Style: Bungalow
  • Basement Type: Crawl space
  • Exterior Finish: Brick, Vinyl siding
  • Foundation Type: Concrete, Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Water meter, Dryer, Refrigerator, Stove, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5+6
  • Bathrooms: 6
  • Amenities Nearby: Park, Public Transit, Schools
  • Features: Carpet Free, Sump Pump
  • Irregular: Yes
  • Lot Depth: 226.3 Feet
  • Lot Frontage: 67.5 Feet
  • Lot Size: 67.5 x 226.4 FT ; See Remarks
  • Utility Type: Sewer - Installed, Cable - Available
  • Zoning: R2
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 6

Courtesy of: TIMES REALTY GROUP INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.