249-253 FRONT STREET Belleville

249-253 FRONT STREET, Belleville, Ontario

$3,950,000

  • 12,722 Square Feet

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. With two of the commercial spaces being currently leased, an additional vacant 2161 sqft open concept unit awaits customization to meet tenants or owners needs. 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 3 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. (id:56241)

  • Listing ID: X9391504
  • Property Type: Multi-family

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Details

  • Transaction: For sale
  • Zoning Description: MX1

Building

  • Cooling: Fully air conditioned
  • Fireplace Present: False
  • Heating: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Size Exterior: 12722 sqft
  • Size Interior: 12722 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Size Frontage: 60 ft ,9 in
  • Size Irregular: Bldg=60.75 x 172.24 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 249-253 FRONT STREET in Belleville Ontario. It was last modified on October 10th, 2024. Contact us to schedule a viewing or to discover other Belleville real estate for sale.

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