249-253 Front St Belleville, Ontario K8N 2Z6
$5,885,000
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 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. (id:27910)
Property Details
| MLS® Number | X8097404 |
| Property Type | Multi-family |
Building
| Cooling Type | Fully Air Conditioned |
| Size Exterior | 12722 Sqft |
| Size Interior | 12722 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | Bldg=60.75 X 172.24 Ft |
| Size Total Text | Bldg=60.75 X 172.24 Ft |
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April 18 2024 09:29:27
Durham Region Association of REALTORS®
Ekort Realty Ltd.