170 College Street W Belleville, Ontario K8P 2G8
$699,000
Legal 5-plex in a great central location in Belleville. Sitting on a main bus route, close to schools, parks, shopping & the 401. This well-maintained property comprised of a large two-bedroom & 4 1-bedroom apartments. Three of which have large, partially fenced private yards. Some great features & updates in the last few years, including 5 owned HWTs. Separately metered, all tenants pay for their hydro & water, two high-efficiency natural gas furnaces(2021). The landlord pays heat. Metal roof(2020) Paved parking for 6-7 vehicles, one with recycled asphalt(2017). Most windows & Exterior doors are newer. Fire retrofitted in 2018 Four of the five apartments have been updated, including the upstairs apartment in 2023. Laminate & vinyl flooring, LED lighting & newer plumbing fixtures. Keyless entry on three apartments. New tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliance. Some newer appliances. Most are long-term tenants. **** EXTRAS **** 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property with a 6.3% cap rate. Electric baseboards not used. Current rent amounts still have real growth potential. (id:50886)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X9246951 |
| Property Type | Multi-family |
| AmenitiesNearBy | Highway, Public Transit |
| ParkingSpaceTotal | 7 |
Building
| BathroomTotal | 5 |
| Appliances | Blinds, Refrigerator, Stove, Window Coverings |
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeInterior | 0.23 Ac |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 124 Ft ,3 In |
| SizeFrontage | 86 Ft ,3 In |
| SizeIrregular | 86.33 X 124.3 Ft |
| SizeTotalText | 86.33 X 124.3 Ft |
| ZoningDescription | R2 |
https://www.realtor.ca/real-estate/27272894/170-college-street-w-belleville
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Jason Wood
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September 03 2024 11:48:25
Durham Region Association of REALTORS®
RE/MAX Quinte Ltd.