170 COLLEGE STREET W

170 COLLEGE STREET W
Belleville, Ontario K8P2G8

ID# X9246951

$699,000

Legal 5-plex in a great central location in Belleville. Sitting on a main bus route, close to schools, parks, shopping & the 401. This well-maintained property comprised of a large two-bedroom & 4 1-bedroom apartments. Three of which have large, partially fenced private yards. Some great features & updates in the last few years, including 5 owned HWTs. Separately metered, all tenants pay for their hydro & water, two high-efficiency natural gas furnaces(2021). The landlord pays heat. Metal roof(2020) Paved parking for 6-7 vehicles, one with recycled asphalt(2017). Most windows & Exterior doors are newer. Fire retrofitted in 2018 Four of the five apartments have been updated, including the upstairs apartment in 2023. Laminate & vinyl flooring, LED lighting & newer plumbing fixtures. Keyless entry on three apartments. New tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliance. Some newer appliances. Most are long-term tenants. **** EXTRAS **** 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property with a 6.3% cap rate. Electric baseboards not used. Current rent amounts still have real growth potential. (id:58777)
Bathroom Total 5
Cooling Type Partially air conditioned
Heating Type Other
Heating Fuel Natural gas

Courtesy of RE/MAX QUINTE LTD.

Listed on: August 08, 2024

On market: 39 days

  • 170 COLLEGE STREET W
  • 170 COLLEGE STREET W
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  • 170 COLLEGE STREET W
  • 170 COLLEGE STREET W