121 Station Street Belleville, Ontario K8N 2S9

7 Bedroom 7 Bathroom 2400
None Baseboard Heaters Landscaped


With rents on the rise, buy-and-hold rental investment is a shining star in today's real estate market. Once in a great while, we find an income property like this one. Owned by the same family for over 40 years this 6-7 unit property is a moneymaker. Currently, there are 4-1 bedroom units and 2 bachelors. The 7th is currently the owner's office and could be rented as a studio\room at $750/month. All units have separate/private entrances (no hallways) and 4 units have metered utilities which the tenant pays. With a potential Gross Income of $90,000 the property nets approximately $76,000 before financing with a CAP of almost 9%. The property is in excellent condition with all wiring, plumbing, and fire code updated. 2 units are newly refreshed and vacant. You can set your own rent. One of the 1 bedroom units is expected to be vacant in the near future. With a simple renovation, it will attract a premium rent. There is a large backyard and parking for most of the units. Located in a developing area of Belleville with several brand new multi-res buildings nearby. Close to downtown, riverfront trail, and public transportation. This is one not to be overlooked! (id:41614)

Property Details

MLS® Number 40321086
Property Type Multi-family
Amenities Near By Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Communication Type High Speed Internet
Community Features Community Centre, School Bus
Features Park/reserve
Parking Space Total 4


Bathroom Total 7
Bedrooms Total 7
Basement Type None
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Stone, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Stone
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 2400
Utility Water Municipal Water


Access Type Road Access, Highway Access, Rail Access
Acreage No
Land Amenities Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Depth 127 Ft
Size Frontage 36 Ft
Size Total Text Under 1/2 Acre
Zoning Description R4


Cable Available
Electricity Available
Telephone Available



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