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$ 674,000
Est. payment /mo
Active
91 Bridge ST W Belleville, ON K8P 1J4
7 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Belleville Ward
MLS Listing ID X12168570
Style 2-Storey
Bedrooms 7
Building Age 100+
Annual Tax Amount $3,835
Tax Year 2024
Property Sub-Type Triplex
Property Description
Net income of $59,021/year and a CAP rate of 8.8%! And that was before one unit was vacated. Prospective tenants are being screened now to take occupancy at market rent for one empty unit. 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, and both are turning over in September which means rent is increasing. 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 an 8.8% CAP rate, you've found it.
Location
Province ON
County Hastings
Community Belleville Ward
Area Hastings
Rooms
Family Room Yes
Basement Full, Unfinished
Kitchen 3
Interior
Interior Features Carpet Free, Separate Heating Controls, Separate Hydro Meter, Water Heater
Cooling None
Fireplaces Type Natural Gas
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Metal
Topography Flat
Lot Frontage 52.0
Lot Depth 108.9
Total Parking Spaces 5
Building
Unit Features Public Transit
Foundation Stone
Listed by ROYAL LEPAGE PROALLIANCE REALTY
