170 College Street, Belleville, Ontario -

Sean McKinney
Broker of Record
106 North Front Street
Belleville, Ontario K8P 3B4
Office: (613) 969-9907

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$749,000

Address:	170 College Street West, Belleville
REF#:	X8065516
Status:	For Sale
Sale of Business:	#
Investment:	#
Use:	Apts-2 To 5 Units
Lot Size:	86.33X124.3 Feet
Garage:	N/A
City:	Belleville, Ontario, Canada
Taxes:	$5,165.00
Directions:	Glendale Road
District:

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Features

Legal 5-plex in a great central location in Belleville. This brick 2951 sq ft. 2 story is on a main bus route and close to schools, shopping & the 401. A well-maintained property comprised of a large 2- bedroom & four 1-bedroom apartments. The property has some great features & updates including 5 owned HWTs. Two high-efficiency natural gas furnaces (2021). Metal roof (2020). All units are separately metered for hydro & water. Paved parking for 6-7 vehicles,one with recycled asphalt (2017) . Most windows & Exterior doors are newer. 4 of the 5 apartments have been updated with laminate & vinyl flooring, LED lighting & plumbing fixtures. Upstairs apartment renovated in 2023.Keyless entry on 3 apartments. Tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliancy. Some newer appliances. Three of the four ground-floor apartments have large partially fenced private yards. Most are long term tenants who all pay for their own water & hydro. Landlord pays gas heat. **** EXTRAS **** 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property with a 5.3% cap rate at asking price. Electric baseboards not use. Current rents still have real growth potential.

Air Conditioning	P
Business Category	Apartment
Freestanding	Y

Disclaimer
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.