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249-253 Front Street Belleville, Ontario K8N 2Z6

12722 sqft
Fully Air Conditioned Hot Water Radiator Heat

$5,385,000

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:54955)

Property Details

MLS® Number X8097404
Property Type Multi-family

Building

Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
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

https://www.realtor.ca/real-estate/26558054/249-253-front-street-belleville

Interested?

Contact us for more information


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Jamie T. Troke
Broker of Record

(613) 969-9901

Ekort Realty Ltd.

(613) 969-9901
(613) 968-1950
www.ekortrealty.ca/

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