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Belleville,ON K8N 2B9
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision Belleville Ward
MLS Listing ID X11918511
Style 2-Storey
Bedrooms 10
Building Age 31-50
Annual Tax Amount $8,190
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Reduced price on this prime investment opportunity to own a fully occupied, 6 unit income producing residential apartment building for sale, on 0.14 acres of land (6,275 SF). Solid brick building with newer roof shingles which were replaced in 2021 with 40+ year expected lifespan. Attractive location in a quiet but vibrant & walkable residential area not far from downtown Belleville & thus in high demand for residential apartments with strong, consistent rental occupancy. Secure entry & shared parking lot with 6 spots including one for each tenant. Updated (as of July 2025) financial information including revenue & expenses available upon request. Proposed agreements of purchase & sale may be submitted to listing brokerage at any time. Opportunity to increase value substantially as recent turnover has seen rental increases of over 74% as well as the potential to increase profitability further by reducing the operating or management expenses if possible. Whether you are a seasoned investor or wanting to enter the multifamily market with a high quality asset, this property provides an ideal combination of location, construction quality, and steady growth potential. Don't miss out on this exceptional opportunity to invest in a turn-key property in a high quality neighborhood & growing market!
Location
Province ON
County Hastings
Community Belleville Ward
Area Hastings
Rooms
Family Room Yes
Basement Apartment
Kitchen 6
Separate Den/Office 2
Interior
Interior Features Carpet Free
Cooling None
Exterior
Parking Features Unreserved
Pool None
Roof Type Shingles
Lot Frontage 51.1
Lot Depth 155.85
Total Parking Spaces 4
Building
Foundation Concrete