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228 Dundas Street E Belleville, Ontario K8N 1E4

42000 sqft
Fully Air Conditioned Forced Air

$18,900,000

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:48469)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number X9238491
Property Type Multi-family
AmenitiesNearBy Highway, Public Transit
Features Elevator

Building

CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 42000 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Highway, Public Transit
Sewer Sanitary Sewer
SizeDepth 64.103 M
SizeFrontage 70.54 M
SizeIrregular 70.54 X 64.1 M
SizeTotalText 70.54 X 64.1 M
ZoningDescription C3

https://www.realtor.ca/real-estate/27249741/228-dundas-street-e-belleville

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