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363 Front St 8 Unit Apartment Building $2,299,000 CAD ($287,375 CAD/Unit) 6.10% Cap Rate Belleville, ON K8N 2Z9
EXECUTIVE SUMMARY
8 UNIT - Secure $160,800 in annual income from this exceptional, fully tenanted, turn-key commercial property in the heart of Bellevilles dynamic downtown. MLI SELECT POTENTIAL - Ductless Splits Roughed In. 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.
PROPERTY FACTS
| Price | $2,299,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $287,375 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 5,800 SF |
| Cap Rate | 6.10% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | ||
| Zoning | C2-6 | ||
| Price | $2,299,000 CAD |
| Price Per Unit | $287,375 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 5,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Zoning | C2-6 |
AMENITIES
SITE AMENITIES
- Controlled Access
- Recycling
- Smoke Free
- Storage Space
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Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (76)
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363 Front St
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