ON > Belleville > Belleville Ward
Belleville, ON K8N 2Z6,249-253 Front ST
Belleville, ON K8N 2Z6,249-253 Front ST
Belleville, ON K8N 2Z6,249-253 Front ST
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Jacqui VandenHeuvel

Jacqui VandenHeuvel

+1(905) 926-4399
$3,550,000
Est. payment /mo
12,722 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 12,722 sqft

Price per Sqft $279

Subdivision Belleville Ward

MLS Listing ID X12433950

Annual Tax Amount $25,744

Tax Year 2024

Property Sub-Type Investment

Property Description

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. One of the commercial spaces is being currently leased. Currently vacant is a newly renovated 1,853 sqft unit and features exposed brick and stone, and an accessible layout complete with an accessible washroom. An additional 1,024 sqft storage space is currently vacant, and offers its own character with exposed brick, exclusive entryway and convenient alleyway access. 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 4 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.

Location

State ON

County Hastings

Community Belleville Ward

Area Hastings

Zoning MX1

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 60.75

Lot Depth 172.24

Others

ParcelsYN No

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Listed by EKORT REALTY LTD.

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Jacqui VandenHeuvel

Jacqui VandenHeuvel

+1(905) 926-4399

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