228 DUNDAS STREET E, Belleville, Ontario, K8N1E4

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For sale, ID#: X9238491
228 DUNDAS STREET E
Belleville Ontario
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$18,900,000

Seize this exceptional investment opportunity in Belleville's East End. This property features a diversified income stream, anchored by a reliable, long-term not-for-profit tenant on a secure 10-year lease, encompassing office spaces and 38 residential units. Additionally, 28 bachelor units on individual leases offer flexibility and future upside potential with rent increases. A comprehensive renovation completed in 2023 included updates to electrical and plumbing systems, interior finishing, a fob security system, and more. Each unit has been retrofitted with a kitchenette, new bathroom, and high-quality flooring, ensuring modern comfort and appeal. The property generates excellent monthly and annual income with low annual expenses, making it a financially attractive asset. Situated in a vibrant area with consistent demand, this property is perfect for discerning investors seeking stability and high returns. Its prime location provides easy access to amenities, public transportation, and a thriving community. Belleville's East End is known for its dynamic atmosphere and growth potential, ensuring that this investment remains lucrative for years to come. Don't miss out on this rare chance to add a high-performing property to your portfolio. This asset guarantees financial growth and security, presenting a unique opportunity for those looking to capitalize on a thriving market. Act now to secure this lucrative investment and enjoy the benefits of a stable, high-yield property in one of Belleville's most sought-after areas. This is your opportunity to make a smart, future-proof investment in a prime location (id:2471)

Representative
Suzanne White
Suzanne WhiteBroker
HARVEY KALLES REAL ESTATE LTD. Brokerage - Picton
Property Details
  • Property Address: 228 DUNDAS STREET E, Belleville, Ontario, K8N1E4
  • Property Type: Multi-family
  • Zoning Description: C3
  • Lot Size: 70.54 x 64.1 M
  • Acreage: 70.54 x 64.1 M
  • Sewage Type: Sanitary sewer
  • Water Type: Municipal water
  • Amenities Nearby: Highway, Public Transit
Structure Details
  • Structure Style: Multi-Family
  • Floor Space: 42000 sqft
  • Heating Type: Natural gas, Forced air
  • Cooling: Fully air conditioned
Amenities / Features
  • Elevator
Neighbourhood Information

Listing Office: ROYAL LEPAGE PROALLIANCE REALTY

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228 DUNDAS STREET E, Belleville, Ontario, K8N1E4 228 DUNDAS STREET E, Belleville, Ontario, K8N1E4 228 DUNDAS STREET E, Belleville, Ontario, K8N1E4
228 DUNDAS STREET E, Belleville, Ontario, K8N1E4

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