ON > Belleville
Belleville, ON K8N 1E4,228 Dundas ST E
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Belleville, ON K8N 1E4,228 Dundas ST E
Belleville, ON K8N 1E4,228 Dundas ST E
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 21,000,000
Est. payment /mo
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Active

228 Dundas ST E Belleville, ON K8N 1E4

42,000 SqFt

UPDATED:

08/04/2024 01:47 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 42,000 sqft

Price per Sqft $500

MLS Listing ID X9238491

Annual Tax Amount $28,000

Tax Year 2023

Property Description

Seize this exceptional investment opportunity in Belleville's East End. This property features a diversified income stream, anchored by a reliable, long-term not-for-profit tenant on a secure 10-year lease, encompassing office spaces and 38 residential units. Additionally, 28 bachelor units on individual leases offer flexibility and future upside potential with rent increases. A comprehensive renovation completed in 2023 included updates to electrical and plumbing systems, interior finishing, a fob security system, and more. Each unit has been retrofitted with a kitchenette, new bathroom, and high-quality flooring, ensuring modern comfort and appeal. The property generates excellent monthly and annual income with low annual expenses, making it a financially attractive asset. Situated in a vibrant area with consistent demand, this property is perfect for discerning investors seeking stability and high returns. Its prime location provides easy access to amenities, public transportation, and a thriving community. Belleville's East End is known for its dynamic atmosphere and growth potential, ensuring that this investment remains lucrative for years to come. Don't miss out on this rare chance to add a high-performing property to your portfolio. This asset guarantees financial growth and security, presenting a unique opportunity for those looking to capitalize on a thriving market. Act now to secure this lucrative investment and enjoy the benefits of a stable, high-yield property in one of Belleville's most sought-after areas. This is your opportunity to make a smart, future-proof investment in a prime location

Location

Province ON

County Hastings

Community Major Highway, Public Transit

Interior

Cooling Yes

Exterior

Community Features Major Highway, Public Transit

Utilities Available Yes

Parking Type None

Others

Security Features Yes

Listed by ROYAL LEPAGE PROALLIANCE REALTY

Jethro Seymour

Broker

+1(416) 712-0767

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228 Dundas ST E

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