$21,000,000 FOR SALE

Investment

Lot: 70.54 x 64.1 mTotal Area: 42,000 ft2
2023 Taxes: $28,000

228 Dundas St E
Belleville, ON K8N 1E4 | Hastings

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

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Listed By ROYAL LEPAGE PROALLIANCE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9238491
Last Updated Aug 04, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - Over 20 Units
Category Apartment
PIN 404850065
Legal Description Pt of Lt 33E Reg Plan 166
Occupancy Tenant
Possession Date Immediate/Flex
Taxes (2023) $28,000
Tax Type Annual
Directions/Cross Streets Dundas E/Bleecker
Area Hastings
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 70.54 x 64.1 m
Total Area 42,000 ft2
Approximate Age 51-99
Elevator Public
Air Conditioning Y
Basement Y
Chattels N
Garage Type None
Heat Type Gas Forced Air Closd
Financial Statement Y
Outside Storage Y
Area Influences Major Highway, Public Transit
Soil Test Y
Sprinklers Y
Sewers Sanitary
Utilities Y
Water Municipal
UFFI No
Survey Y
Lot/Bldg/Unit Code Lot
Zoning C3
Seller Property Info Statement N

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