$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. Hot Water Tank: 1 Owned 2 Rented ($63.37). Lot area: 6383sqf, building 3444 sqf. All units fully furnished, furniture is negotiable.

Inclusions: Dryer, Washer, Hot Water Tank, Refrigerators Full Size(4), Refrigerators Mid Size(2), Stove(2), Hot Plates (3), Smoke Detectors, Security Cameras (3)

Exclusions : All Units Furnished, Furniture Is Negotiable.

Property Features:

  • Acres Range: < 0.5
  • Heating: Baseboard, Gas Forced Air Open, Radiant
  • Lot Depth: 226.38 Feet
  • Lot Features: Urban, Irregular Lot, Public Transit
  • Lot Frontage: 67.54 Feet
  • Parking Features: Lane, Outside/Surface
  • Utilities: Available
  • Water Source: Municipal
  • Zoning: R2
  • Sewer: Sanitary
  • No. of Parking Spaces: 6

Courtesy of: Times Realty Group Inc., Brokerage, TIMES REALTY GROUP INC.

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