REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 549,900
Est. payment | /mo
$ 549,900
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Belleville Ward
MLS Listing ID X12570026
Annual Tax Amount $8,442
Tax Year 2025
Property Sub-Type Investment
Property Description
QUICK CLOSE IN 2025 - AFFORDABLE MULTI-RESIDENTIAL INVESTMENT IN THE HEART OF THE BAY OF QUINTE. ******************************* List price UNDER $92,000 per suite. ********************************** This solid all-brick, 3-storey 6-plex features six 2-bedroom units, a long history of full occupancy, and an unbeatable west-end Belleville location just steps from vibrant, historic downtown Belleville and the scenic Moira River & waterfront trail. Enjoy top-tier walkability with beloved local spots like Small Scale Bread, L'Auberge de France, and The Local Social House only moments away - an attractive draw for quality residents and visitors alike. Financials for 2025 show Gross Revenue exceeding $80,000 annually and a Net Operating Income of approximately $45,000, with an allowance for an 8% Management / Maintenance Fee (currently self-managed) delivering an impressive return on investment. With current average rents sitting well below market, there is significant upside to reposition this asset for income growth. Two separate laundry and utility rooms for tenant convenience. Don't miss this chance to secure at an affordable price a stable, well-located multi-residential asset in the Bay of Quinte - one of Ontario's fastest-growing and most desirable communities. Don't miss attached brochure - Investing in Belleville in the Bay of Quinte Area. ****************************************Offers to be reviewed Wednesday, November 26th at 4 pm. Please send offers to Sean@RemaxQuinte.com *********************************
Location
Province ON
County Hastings
Community Belleville Ward
Area Hastings
Interior
Cooling No
Exterior
Community Features Greenbelt/Conservation, Public Transit
Utilities Available Yes
Lot Frontage 100.53
Lot Depth 99.58
Building
Building Age 51-99
Others
ParcelsYN No
Listed by RE/MAX QUINTE LTD.
We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.