249-253 Front Street

Belleville, K8N 2Z6
FOR SALE
$3,100,000
249-253 Front Street, Belleville
249-253 Front Street
249-253 Front Street
249-253 Front Street
249-253 Front Street
249-253 Front Street
249-253 Front Street
249-253 Front Street
Investment
CATEGORY
12,722 Sq Ft
TOTAL AREA
X12433950
MLSID
Contact Us
Property Description
Introducing your next investment opportunity, the Burrows Building! Located in Downtown Belleville, this multi-use building offers a blend of commercial and residential spaces, ensuring a diverse revenue stream. Among its highlights are 3 commercial and 11 residential units: 8 bachelors, 1 two-bedroom, and 2 one-bedroom apartments. One of the commercial spaces is being currently leased. Currently vacant is a newly renovated 1,853 sqft unit and features exposed brick and stone, and an accessible layout complete with an accessible washroom. An additional 1,024 sqft storage space is currently vacant, and offers its own character with exposed brick, exclusive entryway and convenient alleyway access. The residential units have undergone extensive recent renovations, showcasing contemporary amenities with the building's unique architectural charm. Some units are furnished and licensed for short-term accommodation, catering to both long and short term tenants. The Burrows Building has been completely upgraded and renovated within the last 4 years, including a total rebuild with structural upgrades, a new lower roof, new windows, new fire escapes, and security enhancements with surveillance cameras. Boasting stable rental income and promising growth potential, the Burrows Building presents an exceptional opportunity to expand your investment portfolio.
Property Details
Address
249-253 Front Street
Postal Code
K8N 2Z6
Property Type
Investment, Investment
Use
Apartment
Zoning
MX1
Lot Size
61' x 172'
Total Area
12,722 Sq Ft
Taxes
$25,745 (2024
Heat Type
Gas Hot Water
Water
Municipal
Garage Type
None
Listing contracted with Ekort Realty Ltd.
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