249-253 Front Street Belleville, Ontario K8N 2Z6
$3,950,000
Introducing your next investment opportunity, the Burrows Building! Located in Downtown Belleville, this multi-use building offers a blend of commercial and residential spaces, ensuring a diverse revenue stream. Among its highlights are 3 commercial and 11 residential units: 8 bachelors, 1 two-bedroom, and 2 one-bedroom apartments. With two of the commercial spaces being currently leased, an additional vacant 2161 sqft open concept unit awaits customization to meet tenants or owners needs. The residential units have undergone extensive recent renovations, showcasing contemporary amenities with the building's unique architectural charm. Some units are furnished and licensed for short-term accommodation, catering to both long and short term tenants. The Burrows Building has been completely upgraded and renovated within the last 3 years, including a total rebuild with structural upgrades, a new lower roof, new windows, new fire escapes, and security enhancements with surveillance cameras. Boasting stable rental income and promising growth potential, the Burrows Building presents an exceptional opportunity to expand your investment portfolio. (id:59743)
Property Details
| MLS® Number | X9391504 |
| Property Type | Multi-family |
Building
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeExterior | 12722 Sqft |
| SizeInterior | 12722 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 172 Ft ,2 In |
| SizeFrontage | 60 Ft ,9 In |
| SizeIrregular | Bldg=60.75 X 172.24 Ft |
| SizeTotalText | Bldg=60.75 X 172.24 Ft |
| ZoningDescription | Mx1 |
https://www.realtor.ca/real-estate/27528628/249-253-front-street-belleville
Broker of Record
(613) 969-9901
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November 18 2024 08:30:08
Durham Region Association of REALTORS®
Ekort Realty Ltd.