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363 Front Street Belleville, Ontario K8N 2Z9

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$2,075,000

MLS® Number: X12753752

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:59126)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X12753752
Property Type Multi-family
Community Name Belleville Ward

Building

Age 100+ Years
Cooling Type Fully Air Conditioned
Heating Type Baseboard Heaters, Other
Size Interior 7,068 Ft2
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Depth 98 Ft ,11 In
Size Frontage 33 Ft ,5 In
Size Irregular 33.49 X 98.98 Ft
Size Total Text 33.49 X 98.98 Ft
Zoning Description C2-6

https://www.realtor.ca/real-estate/29318647/363-front-street-belleville-belleville-ward-belleville-ward

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    Lakeridge Property International

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