REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,299,900
Est. payment | /mo
5,800 SqFt
$ 2,299,900
Est. payment | /mo
5,800 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,800 sqft
Price per Sqft $396
Subdivision Belleville Ward
MLS Listing ID X12440543
Annual Tax Amount $12,638
Tax Year 2024
Property Sub-Type Investment
Property Description
25% DOWN FOR A CASH FLOWING 8 UNIT ON A TRANSFERABLE 40 YEAR MLI SELECT LOAN. Over 6% Cap. Secure $160,800 in annual income from this exceptional, fully tenanted, turn-key commercial property in the heart of Bellevilles dynamic downtown. Ductless Splits recently installed all res units. Completely rebuilt to modern standards, this property boasts brand-new construction, including framing, walls, flooring, plumbing, electrical panel, wiring, windows, doors, and lighting all designed to meet current building codes and minimize future maintenance. Each tenant is responsible for their own utilities, providing low overhead and strong net returns for investors. Positioned in a high-demand location, 363 Front Street is a rare opportunity offering both immediate cash flow and long-term appreciation potential. Properties of this caliber are in short supply. New Buyer must qualify for MLI loan.
Location
Province ON
County Hastings
Community Belleville Ward
Area Hastings
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 33.49
Lot Depth 98.98
Others
Security Features No
ParcelsYN No
Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE
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