363 FRONT Street, Belleville, Ontario, K8N2Z9
MLS: 40801889 | Multi-family
$2,075,000
Property Description
Royal LePage Commercial – The Investments Group is pleased to present The Front St. Lofts at 363 Front Street, Belleville, Ontario, a fully renovated mixed-use investment property located in Belleville’s downtown core. The property comprises one ground-floor commercial unit and seven one-bedroom residential apartments. The building has been upgraded with structural improvements, new plumbing, electrical, HVAC, windows, doors, kitchens, and modern finishes throughout, offering a true turnkey investment. The asset is MLI qualified, with a VTB options available, and includes a five-year structural warranty by Cento Capital. The commercial unit is secured by a five-year semi-gross lease with annual escalations, and all residential suites are leased at current market rents. In place property management can be assumed, featuring onsite management, automated rent collection software, and a fully automated management system, allowing for seamless ownership. The asset is well positioned for CMHC-insured financing, subject to lender approval. (id:64974)
Quick Facts
- Property Type: Multi-family
- Bedrooms: 0
- Bathrooms: 0
- Living Area: 7,068 sq ft (656.6 m²)
- Above Grade: 7,068 sq ft (656.6 m²)
- Ownership: Freehold
- Frontage: 33 ft (10.1 m)
Costs
- Annual Taxes: $8,326.66
Listing Provided by: Royal LePage Burloak Real Estate Services
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Heat Pump, Baseboard heaters
- Cooling: Ductless
- Basement: None
Exterior & Construction
- Exterior: Stone, Brick Veneer
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 33 ft (10.1 m)
- Zoning: C2-6
Community & Neighbourhood
- Subdivision: Belleville Ward
Listing Information
Listing History
MLS listing activity for 363 FRONT Street, Belleville, Ontario, K8N2Z9 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Neighborhood Walkability
Mortgage & Cost Calculators
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363 FRONT Street, Belleville, Ontario, K8N2Z9