Message Number426845
statusActive
Subject LineInvestment Opportunity FOR SALE in Belleville ON, Mixed-Use Building, $4,850,000.
Business area
Canada
Ontario
Central and Eastern Ontario
Belleville
Location, CityBelleville
Have/WantHave
Business categoryBusiness Opportunities
Date of ListingJune 25 2024
Location249-253 Front Street, Belleville ON.
Price$4,850,000.00
Building area12722
ZoningC2-3
CommentsIntroducing 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 leased, a 2161 sqft open concept unit awaits customization to meet tenants or owners needs. The residential units have undergone 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, site grading and drainage, new windows, 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.
Internet Links
NameJamie Troke, CCIM
TitleBroker of Record
Company NameEkort Realty Ltd., Brokerage
Address Line One258 Front Street
CityBelleville
State/ProvinceOntario
Zip/Postal CodeK8N 2Z2
CountryCanada
Business Phone Number(613)969-9901
Cell Number(613)967-7208
Home Number(613)967-7208
FAX Number(613)968-1950
Email AddressSend Email
Home PageHome Page

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