$18,900,000
Available - For Sale
Listing ID: X9238491
228 Dundas St East , Belleville, K8N 1E4, Ontario
| 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 |
| Price | $18,900,000 |
| Taxes: | $28000.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 228 Dundas St East , Belleville, K8N 1E4, Ontario |
| Postal Code: | K8N 1E4 |
| Province/State: | Ontario |
| Legal Description: | Pt of Lt 33E Reg Plan 166 |
| Lot Size: | 70.54 x 64.10 (Metres) |
| Directions/Cross Streets: | Dundas E/Bleecker |
| Category: | Apartment |
| Use: | Apts-Over 20 Units |
| Building Percentage: | Y |
| Total Area: | 42000.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 51-99 |
| Financial Statement: | Y |
| Chattels: | N |
| Franchise: | N |
| Sprinklers: | Y |
| Outside Storage: | Y |
| Soil Test: | Y |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Elevator Lift: | Public |
| Sewers: | Sanitary |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE PROALLIANCE REALTY |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Belleville |
| Lot Size: | 70.54 x 64.10(Metres) |
| Approximate Age: | 51-99 |
| Tax: | $28,000 |
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