249-253 Front St, Belleville, K8N 2Z6

Listing Overview

Description

Introducing a prime investment opportunity: The Burrows Building in downtown Belleville! This versatile property offers a mix of commercial and residential units, providing multiple income streams. The building features 3 commercial spaces and 11 residential units, including 8 bachelor apartments, 1 two-bedroom, and 2 one-bedroom apartments. The residential units have been recently renovated, combining modern amenities with the building's historic charm. Some units are fully furnished and licensed for short-term rentals, catering to both long-term and short-term tenants. The Burrows Building has undergone significant upgrades in the last three years, including structural improvements, a new lower roof, site grading, updated drainage, new windows, and enhanced security with surveillance cameras. With stable rental income and potential for growth, the Burrows Building is a fantastic opportunity to expand your investment portfolio. NOI approx. $262,000.

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On Market

Investment

Property Type

$25,745 / Year

Est. Taxes

Apartment

Style

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Business Type

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Franchise