Primary photo of 363 FRONT Street, Belleville
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Multi-family For Sale

$2,075,000

363 FRONT Street

MLS® Number: 40801889

Bedrooms

0

Bathrooms

0

Floor Area

7,068

About This Property

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.

Property Details

Interior Details

Basement

None

Bathrooms Total

0

Bedrooms Total

0

Cooling

Ductless

Heating

Heat Pump, Baseboard heaters

Living Area

7068 sqft

Building & Exterior

Exterior Features

Stone, Brick Veneer

Number Of Units Total

0

Parking Features

Visitor Parking

Stories

3.0

Land & Location

Frontage Length

33.0 feet

Postal Code

K8N2Z9

Subdivision Name

Belleville Ward

Listing & Financials

Listing Office

Royal LePage Burloak Real Estate Services

Originating System Name

Cornerstone Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($415,000)
5.5%
25 Years

Estimated Monthly Payment

$10,194

Principal and interest only. Actual rates may vary.

Location & Map

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List Property363 FRONT Street - Multi-family for Sale in Belleville, Ontario | MLS® 40801889