7,068 sqft
Fully Air Conditioned
Baseboard Heaters, Other
$2,075,000
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:63476)
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 Sqft |
|
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 |