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249-253 Front St 11 Unit Apartment Building $3,550,000 CAD ($322,727 CAD/Unit) Belleville, ON K8N 2Z6
INVESTMENT HIGHLIGHTS
- This multi-use property features a mix of 3 commercial units and 11 residential apartments, offering a diverse and stable revenue stream.
- Two commercial spaces are currently leased, while a 2,161 sq ft open-concept unit is available for customization.
- Residential layout includes 8 bachelor units, 2 one-bedroom units, and 1 two-bedroom unit, all recently renovated with modern amenities.
- Select residential units are furnished and licensed for short-term accommodation, appealing to both long- and short-term tenants.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $3,550,000 CAD | Building Class | C |
| Price Per Unit | $322,727 CAD | Building Size | 12,722 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 11 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 0.55/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C2-3 - General Commercial Zone | ||
| Price | $3,550,000 CAD |
| Price Per Unit | $322,727 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 12,722 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Parking Ratio | 0.55/1,000 SF |
| Zoning | C2-3 - General Commercial Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (80)
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249-253 Front St
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