5 SIENNA AVENUE, Belleville (Belleville Ward), Ontario, K8P0E5

Property Description

INVEST IN POTTER'S CREEK! 5 Sienna is your best opportunity to own a wonderful, purpose-built, brand-new 4-plex right at the entrance of Potter's Creek. This location is so convenient for military personnel to get to the base, healthcare workers to get to the hospital, and access for everyone to all of Quinte's best amenities. PLUS! Being right on the corner of Dundas St, there is a prime opportunity to lease advertising space at a premium in the future. Each individual unit feature around 1,100 sq. ft of total living space, complete with 2 bedrooms, 1 bathroom, kitchen, laundry, and their own mechanical rooms and equipment. All utilities are separated and market rent for each unit is $2,200+utilities/month conservatively - giving you $105,600 in annual income! BONUS! Canada's new Purpose Built Rental Housing (PBRH) Rebate allow the buyer to apply for a FULL HST rebate, which would reduce the purchase price after closing to $1,283,186 - WOW, what a savings! Construction is under way now. (id:64974)

Quick Facts

• Property Type: Fourplex
• Bedrooms: 8 (8 above)
• Bathrooms: 4
• Attached: Yes
• Parking: 4 spaces (No Garage)
• Frontage: 78 ft (23.7 m)

Listing Provided by: CENTURY 21 LANTHORN REAL ESTATE LTD.
Board: Central Lakes Association of REALTORS®
Data provided via CREA DDF®.