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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Belleville Ward
MLS Listing ID X12440543
Annual Tax Amount $12,638
Tax Year 2024
Property Sub-Type Investment
Property Description
25% DOWN FOR A CASH FLOWING 8 UNIT ON A TRANSFERABLE 40 YEAR MLI SELECT LOAN. Over 6% Cap. Secure $160,800 in annual income from this exceptional, fully tenanted, turn-key commercial property in the heart of Bellevilles dynamic downtown. Ductless Splits recently installed all res units. 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. New Buyer must qualify for MLI loan.
Location
State ON
County Hastings
Community Belleville Ward
Area Hastings
Zoning C2-6
Interior
Cooling No
Inclusions 7x Stoves, 7x Fridges, 1x Dishwasher, 7x Washing Machines, 7x Dryers
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
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Lited by RE/MAX ESCARPMENT REALTY INC., BROKERAGE
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