91 Bridge Street
Belleville, K8P 1J4
FOR SALE
$674,000

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Investment
CATEGORY2,900 Sq Ft
TOTAL AREAX12168660
MLSIDContact Us
Property Description
**Updated Income and Expenses Available** Net income of $63,221/year and a CAP rate of 9.4%! This triplex boasts a new crop of A+ tenants all paying market rent and their own utilities. Don't be that want-to-be-real-estate-investors who uses all 10 fingers and all 10 toes to find a reason NOT to invest. Put those digits (and your spreadsheets) to good use. Take a look at this nicely updated triplex in the heart of Belleville. The bright 1 bedroom upstairs unit is recently renovated. The two lower units have been bringing in great rental income. One was just refreshed with new paint and flooring throughout. Separate meters means all tenants pay their own water, sewer, heat and hydro utilities. A metal roof was added in 2017, as well as 2 new gas furnaces. More recent updates include windows, flooring, kitchens, bathroom updates, a new gas fireplace for the upstairs unit and new side decks for the lower units. Each unit has its own laundry. Even better this beautifully maintained property includes plenty of parking and is walking distance to shopping. Public transit stops here. If you've been looking for an easy, cash-flowing investment with a 9.4% CAP rate, you've found it.
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Property Details
Address
91 Bridge Street
Community
City
Postal Code
K8P 1J4
Property Type
Investment, Investment
Days On Market
193
Use
Apartment
Zoning
R2
Lot Size
52' x 109'
Total Area
2,900 Sq Ft
Taxes
$3,836 (2024
Heat Type
Gas Forced Air Open
Water
Municipal
Parking Spaces
5
Garage Type
None
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Listing contracted with Royal Lepage Proalliance Realty
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