Many want-to-be-real-estate-investors will use all 10 fingers and all 10 toes to find a reason NOT to invest. Don't be that investor. Put those digits (and your spreadsheets) to good use. Take a look at this nicely updated, fully tenanted triplex in the heart of Belleville. The bright 1 bedroom upstairs unit is recently renovated. The two lower units bring in market rent, and 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.
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
2-Storey
Approx. Age:
100+
Total Approx Floor Area:
2500-3000
Lot Size:
<.50
Depth:
108'11"33.2 m
Frontage:
52'15.8 m
Topography:
Flat
Direction Faces:
West
Bedrooms:
7+0
Bathrooms:
5.0
Water supply:
Municipal
Kitchens:
3
Kitchens in Basement:
0
Bedrooms Above Grade:
7
Bedrooms Below Grade:
0
Kitchens Above Grade:
3
Rooms Above Grade:
19
Zoning:
R2
Heating type:
Forced Air
Heating Fuel:
Gas
Fireplaces:
1
Foundation:
Stone
Roof:
Metal
Basement:
Full, Unfinished
Fireplace Features:
Natural Gas
Fireplace/Stove:
Yes
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private
Parking Spaces:
5
Total Parking Spaces:
5.0
Family Room:
Yes
Possession Details:
Immediate
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$3,835.75 /
2024
Assessment:
$- /
-
Belleville
Belleville Ward
Hastings
Public Transit
Carpet Free, Separate Heating Controls, Separate Hydro Meter, Water Heater
Refrigerators (3), Stoves (3), Washers (3), Dryer (3), Hot water tanks- owned (3), portable air conditioner in upstairs unit
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.