363 FRONT Street, Belleville, ON K8N2Z9
363 FRONT Street, Belleville, ON K8N2Z9
363 FRONT Street, Belleville, ON K8N2Z9
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RE/MAX Generation

RE/MAX Generation

+1(250) 858-5465
$2,075,000
Est. payment /mo
7,068 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 7068

Square Footage 7,068 sqft

Price per Sqft $293

Subdivision Belleville Ward

MLS® Listing ID 40801889

Property Sub-Type Freehold

Property Description

Royal LePage Commercial – The Investments Group is pleased to present The Front St. Lofts at 363 Front Street, Belleville, Ontario, a fully renovated mixed-use investment property located in Belleville's downtown core. The property comprises one ground-floor commercial unit and seven one-bedroom residential apartments. The building has been upgraded with structural improvements, new plumbing, electrical, HVAC, windows, doors, kitchens, and modern finishes throughout, offering a true turnkey investment. The asset is MLI qualified, with a VTB options available, and includes a five-year structural warranty by Cento Capital. The commercial unit is secured by a five-year semi-gross lease with annual escalations, and all residential suites are leased at current market rents. In place property management can be assumed, featuring onsite management, automated rent collection software, and a fully automated management system, allowing for seamless ownership. The asset is well positioned for CMHC-insured financing, subject to lender approval. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters, Heat Pump

Cooling Ductless

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by Royal LePage Burloak Real Estate Services

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