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$2,299,900
Available - For Sale
Listing ID: X12440543
25% DOWN FOR A CASH FLOWING 8 UNIT ON A TRANSFERABLE 40 YEAR MLI SELECT LOAN. Over 6% Cap. Secure $160,800 in annual income from this exceptional, fully tenanted, turn-key commercial property in the heart of Bellevilles dynamic downtown. Ductless Splits recently installed all res units. Completely rebuilt to modern standards, this property boasts brand-new construction, including framing, walls, flooring, plumbing, electrical panel, wiring, windows, doors, and lighting all designed to meet current building codes and minimize future maintenance. Each tenant is responsible for their own utilities, providing low overhead and strong net returns for investors. Positioned in a high-demand location, 363 Front Street is a rare opportunity offering both immediate cash flow and long-term appreciation potential. Properties of this caliber are in short supply. New Buyer must qualify for MLI loan.
Price $2,299,900
Taxes: $12,638
Tax Type: Annual
Occupancy by: Tenant
Address: 363 Front Stre , Belleville, K8N 2Z9, Hastings
Postal Code: K8N 2Z9
Province/State: Hastings
Legal Description: PT LT 5 PL 142 THURLOW; PT LT 36 W/S PIN
Directions/Cross Streets: Dundas S E
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 5,800
Total Area Code:  Square Feet
Maintenance: 0
Net Income Before Debt: $140816
Expenses Actual/Estimated: $Est
Sprinklers: No
Heat Type: Baseboard
Central Air Conditioning: No
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Interest Rate: %  
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX ESCARPMENT REALTY INC., BROKERAGE

363 Front Stre , Belleville, K8N 2Z9, Hastings


 
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At a Glance:
Type: Com - Investment
Area: Hastings
Municipality: Belleville
Neighbourhood: Belleville Ward
Style:
Lot Size: x 98.98(Feet)
Approximate Age:
Tax: $12,638
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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