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170 College Street W Belleville, Ontario K8P 2G8

5 Bathroom 0.23 ac
Partially Air Conditioned Other

$728,000

Legal 5-plex in a great central location in Belleville. Sitting on a main bus route, close to schools, parks, shopping & the 401. This well-maintained property comprised of a large two-bedroom & 4 1-bedroom apartments. Three of which have large, partially fenced private yard areassome great features & updates in the last few years, including 5 owned HWTs. Separately metered, all tenants pay for their hydro & water, two high-efficiency natural gas furnaces(2021). The landlord pays heat. Metal roof(2020) Paved parking for 6-7 vehicles, one with recycled asphalt(2017). Most windows & Exterior doors are newer. Four of the five apartments have been updated, including the upstairs apartment in 2023. Laminate & vinyl flooring, LED lighting & newer plumbing fixtures..Keyless entry on three apartments. New tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliance. Some newer appliances. Most are long-term tenants. Managed by a local PM company. Turn key property with a 6.1% cap rate. **** EXTRAS **** 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property with a 6.1% cap rate. Electric baseboards not used. Current rent amounts still have real growth potential. (id:28587)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number X8314448
Property Type Multi-family
AmenitiesNearBy Highway, Public Transit
ParkingSpaceTotal 7

Building

BathroomTotal 5
Appliances Blinds, Refrigerator, Stove, Two Stoves, Window Coverings
CoolingType Partially Air Conditioned
HeatingFuel Natural Gas
HeatingType Other
SizeInterior 0.23 Ac
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Highway, Public Transit
Sewer Sanitary Sewer
SizeDepth 124 Ft
SizeFrontage 86 Ft
SizeIrregular 86.33 X 124.3 Ft
SizeTotalText 86.33 X 124.3 Ft
ZoningDescription R2

https://www.realtor.ca/real-estate/26859036/170-college-street-w-belleville

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Jason Wood
Salesperson


RE/MAX Quinte Ltd.

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