249-253 Front Street, Belleville, ON Image 1

$3,950,000

$4,298,000
8.1% dropped

Last price change Nov 18, 2024

Investment For Sale
MLS - #X9391504
Jan 24- By EKORT REALTY LTD.

249-253 Front Street, Belleville, ON K8N 2Z6

Bed
Bath
12722 Sqft.
None Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

12722 Sqft

About 249-253 Front Street

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. With two of the commercial spaces being currently leased, an additional vacant 2161 sqft open concept unit awaits customization to meet tenants or owners needs. 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 3 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.

Home Overview

Last updated

Jan 24

Virtual tour

None

Basement information

Building size

12722

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Hot Water
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
395000000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

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Walk Score for 249-253 Front Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$15086.32/ month

Some information about this property - Front Street

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