24 Queen Street Belleville, Ontario K8N 1T4

$585,000

Do you know what's better than a duplex or a triplex? A FOURPLEX! This attractive century building in the heart of Old East Hill, Belleville, sits proudly on a corner lot at Queen Street and George Street, offering timeless character and a solid investment opportunity. Divided into four self-contained units, each with dedicated parking spots, this property generates over $55,000 in gross rental income annually. Inside and out, beautiful period features such as tall ceilings, corbels, cove molding, and French doors highlight the home's historic charm. The newer commercial boiler serves all four units, ensuring efficiency. Unit 24A, a 1-bedroom, 1-bath (3-piece) main-floor unit, rents for $1,500/month + hydro, featuring stunning architectural details and in-suite laundry. Unit 24B, a cozy 1-bedroom suite with a walk-in closet and ensuite (4-piece), has a long-term tenant at $795/month + hydro. Unit 24C, an expansive 3-bedroom upper-level unit (approx. 1,550 sq. ft.), boasts a majestic staircase, built-in wall nooks, and a bright living room rented at $1,768.76/month + hydro. Unit D, located at 237 George Street, has a private entrance, open-concept layout, and a long-term tenant of over 20 years paying $548.27/month (all-inclusive). The property also features a detached garage, a full unfinished basement with separate access, and four individual hot water tanks. With tenants handling grass and snow maintenance, this self-supporting multi-plex is a turnkey investment. Detailed income and expense reports are available upon request add this gem to your real estate portfolio today! (id:51737)

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https://www.realtor.ca/real-estate/27966264/24-queen-street-belleville