16 Graham Street
Belleville Ward, Belleville, K8P 1P3
FOR SALE
$649,900
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6
BEDROOMS 3
BATHROOMS 3
KITCHENS 20
ROOMS X13598384
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Property Description
This Triplex has had some extensive updates over the years! The 1.5 Storey Investment Property presents an exceptional opportunity for investors or those seeking a versatile income producing asset. Offering approximately 3,477 sq ft of finished living space, the building features 3 self contained units with a total of 6 bedrooms, 3 bathrooms and 3 kitchens. The property is fully occupied with a current gross rental income of $5050 per month ($60,600 annually), providing immediate cash flow from day one. Recent improvements include a newly renovated basement adding to the property's appeal and long term value. Additional updates over the years include a newer roof (2018), updated eavestroughs (2019), refreshed interior finishes, a 200 amp electrical service (6-7 years old), 2 gas fireplaces, 2 central air conditioning units (6-7 yrs old), a 60 gallon hot water tank and the convenience of 2 driveways (one double wide and one single) offering ample parking for tenants. Whether you're looking to expand your investment portfolio or secure a turnkey income property with strong rental history, this fully occupied multi unit building is an opportunity not to be missed.
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Property Features
Golf, Hospital, Library, Place Of Worship, Public Transit, School, Water Heater Owned, Private Double
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Property Details
Address
16 Graham Street
Community
City
Postal Code
K8P 1P3
Property Type
Triplex, Triplex
Zoning
R-4
Lot Size
66,171' x 171'
Acreage
0.3 Feet
Taxes
$4,289 (2025
Basement
Separate Entrance, Finished
Exterior
Deck, Porch, Year Round Living
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
8
Garage Type
None
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Listing contracted with Royal Lepage Proalliance Realty
Welcome to a turn-key investment opportunity in Belleville's highly sought-after East Hill neighbourhood. This beautifully maintained century triplex perfectly blends historic charm with modern updates, offering a seamless addition to your real estate portfolio. Featuring three side by side, 2 story units, the property is fullyt enanted with excellent, reliable tenants who maintain a harmonious, community-minded living environment and show true pride of ownership. There are two 3-bedroom units and one 1-bedroom unit, all separately metered for hydro. Situated on an extra-wide lot, the property features a detached double garage with power, that provides excellent potential for additional rental income or owner use. Peace of mind comes standard with recent capital updates, including upgraded insulation, newer windows, nicely updated interiors across all three units, and a roof replaced with new shingles in 2021. The building's heating systems are well-optimized for comfort, featuring efficient forced-air gas heat in two of the units and a reliable gas wall furnace in the third. Properties of this caliber, combining an unbeatable location, an immaculate tenant history, and immediate upside potential, rarely stay on the market long. Don't miss out on this hassle-free, character-filled gem!
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