Ball Real Estate Inc
Jayne Porter

Jayne Porter

Sales Representative
Cell: 416-435-2005
Office: 705-660-2255
MLS®: X13463854 Status: For sale

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$2,850,000
Location:

249-253 Front Street, Belleville (belleville Ward) Ontario, K8N2Z6

249-253 Front Street, Belleville (belleville Ward) Ontario
Description:
Introducing the Burrows Building, a turnkey mixed-use investment opportunity in the heart of Downtown Belleville. This fully renovated and fully tenanted property offers stable, diversified income streams through a mix of commercial and residential units, making it an attractive opportunity for private investors, real estate professionals, and portfolio landlords alike. The building features 2 commercial units and 11 residential apartments, including 8 bachelor units, 1 two-bedroom unit, and 2 one-bedroom units, all of which are currently leased and have a history of strong tenant demand and minimal vacancy. Extensive renovations and capital improvements have already been completed, including structural upgrades, new windows, new fire escapes, enhanced security systems, and significant interior renovations throughout the building. The building's historic character has been preserved with exposed brick walls, while modern upgrades provide functionality and comfort. Located in Belleville's growing Downtown Core, the property benefits from ongoing economic development, nearby amenities, and continued demand for both residential and commercial space. The Burrows Building presents an excellent opportunity to acquire a stabilized, income-producing asset with immediate cash flow and long-term appreciation potential. (id:2471)
Property:
Type: Multi-family
Lot Dimensions: Bldg=60.75 x 172.24 FTAcreage: Bldg=60.75 x 172.24 FT
Water: Municipal water
Structure:
Style: Multi-FamilySquare Footage: 12722 sqft
Heating: Hot water radiator heat
Heating Type: Natural gas
Cooling Type: Fully air conditioned
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249-253 Front Street, Belleville (belleville Ward) Ontario

BALL Real Estate Inc., Brokerage - Norwood

Jayne Porter
Sales Representative

Email Me

Telephone:
705-660-2255

Cellular:
416-435-2005


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