Belleville, Ontario

170 COLLEGE ST W, Belleville, Ontario, K8P2G8
Bathrooms5 Property TypeMulti-family
Building Area2958 square feet

Legal 5-plex in a great central location in Belleville. This brick 2951 sq ft. 2 story is on a main bus route and close to schools, shopping & the 401. A well-maintained property comprised of a large 2- bedroom & four 1-bedroom apartments. The property has some great features & updates including 5 owned HWTs. Two high-efficiency natural gas furnaces (2021). Metal roof (2020). All units are separately metered for hydro & water. Paved parking for 6-7 vehicles,one with recycled asphalt (2017) . Most windows & Exterior doors are newer. 4 of the 5 apartments have been updated with laminate & vinyl flooring, LED lighting & plumbing fixtures. Upstairs apartment renovated in 2023.Keyless entry on 3 apartments. Tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliancy. Some newer appliances. Three of the four ground-floor apartments have large partially fenced private yards. Most are long term tenants who all pay for their own water & hydro. Landlord pays gas heat. **** EXTRAS **** 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property with a 5.3% cap rate at asking price. Electric baseboards not use. Current rents still have real growth potential. (id:46866)

Business TypeResidential Business Sub TypeApartments
Amenities NearbyHighway, Public Transit TransactionFor sale
CoolingPartially air conditioned Bathrooms (Total)5
Size Exterior2958 sqft Size Interior2958 sqft
TypeMulti-Family Utility WaterMunicipal water
AmenitiesHighway, Public Transit Size IrregularBldg=86.33 x 124.3 FT

Listing Office: RE/MAX QUINTE LTD.

Data Provided by Central Lakes Association of REALTORS®

Last Modified :11/04/2024 01:29:41 PM



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