Office: (613) 969-9907
Toll Free: 1-866-969-9907
Fax: (613) 969-4447
Cell: (613) 391-7400
e-mail Ken
Office: (613) 969-9907
Toll Free: 1-866-969-9907
Fax: (613) 969-4447
Cell: (613) 391-7400
e-mail Ken
Net income of $59,021/year and a CAP rate of 8.8%! And that was before one unit was vacated. Prospective tenants are being screened now to take occupancy at market rent for one empty unit (91A). Don't be that want-to-be-real-estate-investors who uses all 10 fingers and all 10 toes to find a reason NOT to invest. Put those digits (and your spreadsheets) to good use. Take a look at this nicely updated triplex in the heart of Belleville. The bright 1 bedroom upstairs unit is recently renovated. The two lower units have been bringing in great rental income. One turned over in September and continues to bring in market rent. Separate meters means all tenants pay their own water, sewer, heat and hydro utilities. A metal roof was added in 2017, as well as 2 new gas furnaces. More recent updates include windows, flooring, kitchens, bathroom updates, a new gas fireplace for the upstairs unit and new side decks for the lower units. Each unit has its own laundry. Even better this beautifully maintained property includes plenty of parking and is walking distance to shopping. Public transit stops here. If you've been looking for an easy, cash-flowing investment with an 8.8% CAP rate, you've found it. (id:62300)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12168660 |
| Property Type | Multi-family |
| Community Name | Belleville Ward |
| Parking Space Total | 5 |
| Bathroom Total | 3 |
| Bedrooms Total | 7 |
| Age | 100+ Years |
| Appliances | Dryer, Water Heater, Washer |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 2,900 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 108 Ft ,10 In |
| Size Frontage | 52 Ft |
| Size Irregular | 52 X 108.9 Ft |
| Size Total Text | 52 X 108.9 Ft |
| Zoning Description | R2 |
Contact us for more information
Elaine Bouma
Broker
(613) 966-6060
(613) 966-2904
www.discoverroyallepage.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
