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Last Updated : 401 Days ago
228 Dundas St E, Belleville, Ontario,

228 Dundas St E, Belleville MLS Number: X9238491

Belleville, Hastings, ON, K8N 1E4

$18,900,000

Status: OFF MARKET

  • Property Type: Commercial (Investment)
  • Property Taxes : $28000.00 (Tax Year:2023)
  • Listing Courtesy : Royal Lepage Proalliance Realty

228 Dundas St E Property Description

Seize this exceptional investment opportunity in Belleville's East End. This property features a diversified income stream, anchored by a reliable, long-term not-for-profit tenant on a secure 10-year lease, encompassing office spaces and 38 residential units. Additionally, 28 bachelor units on individual leases offer flexibility and future upside potential with rent increases. A comprehensive renovation completed in 2023 included updates to electrical and plumbing systems, interior finishing, a fob security system, and more. Each unit has been retrofitted with a kitchenette, new bathroom, and high-quality flooring, ensuring modern comfort and appeal. The property generates excellent monthly and annual income with low annual expenses, making it a financially attractive asset. Situated in a vibrant area with consistent demand, this property is perfect for discerning investors seeking stability and high returns. Its prime location provides easy access to amenities, public transportation, and a thriving community. Belleville's East End is known for its dynamic atmosphere and growth potential, ensuring that this investment remains lucrative for years to come. Don't miss out on this rare chance to add a high-performing property to your portfolio. This asset guarantees financial growth and security, presenting a unique opportunity for those looking to capitalize on a thriving market. Act now to secure this lucrative investment and enjoy the benefits of a stable, high-yield property in one of Belleville's most sought-after areas. This is your opportunity to make a smart, future-proof investment in a prime location

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228 Dundas St E Property Facts

Property Type :Commercial
MLS Number :X9238491
Listing Type :Sale
Property Age :51-99 Years
Possession Date :
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Last Updated :18 Nov, 2024 (401 Days ago)
Source :TRREB
Area :Hastings
Postal Code : K8N 1E4
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228 Dundas St E Property Price & Tax Insights

Price : $18,900,000
Property Taxes :$28000.00
Tax Year :2023

228 Dundas St E, Belleville Property Details

Cross Street :Dundas E/Bleecker

228 Dundas St E, Belleville - Price History

2024-11

18 Nov, 2024

TREB #X9238491

Available

$18900000.0

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