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Listed by Kayla Smith • RE/MAX ESCARPMENT REALTY INC
$2,299,900
Est. payment /mo
5,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 5,800 sqft
Price per Sqft $396
MLS Listing ID 40775800
Abv Grd Liv Area 5,800
Annual Tax Amount $12,638
Property Sub-Type Mixed,Building and Land
Source Cornerstone
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
Province ON
County Hastings
Area Belleville
Zoning C2-6
Direction Dundas S E
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 33.49
Lot Depth 98.98
Garage No
Building
Lot Description City Lot, Highway Access, Public Transit
Faces Dundas S E
Story 3
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 404750038
Ownership Freehold/None
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Doug Folsetter
Sales Representative | License ID: 4729737
Sales Representative License ID: 4729737