363 Front Street Belleville, Ontario K8N 2Z9

$2,075,000

Royal LePage Commercial - The Investments Group is pleased to present The Front St. Lofts at 363 Front Street, Belleville, Ontario, a fully renovated mixed-use investment property located in Belleville's downtown core. The property comprises one ground-floor commercial unit and seven one-bedroom residential apartments. The building has been upgraded with structural improvements, new plumbing, electrical, HVAC, windows, doors, kitchens, and modern finishes throughout, offering a true turnkey investment. The asset is MLI qualified, with a VTB options available, and includes a five-year structural warranty by Cento Capital. The commercial unit is secured by a five-year semi-gross lease with annual escalations, and all residential suites are leased at current market rents. In place property management can be assumed, featuring onsite management, automated rent collection software, and a fully automated management system, allowing for seamless ownership. The asset is well positioned for CMHC-insured financing, subject to lender approval. (id:55460)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12753752
Property Type	Multi-family
Community Name	Belleville Ward

Building

Age	100+ Years
Cooling Type	Fully Air Conditioned
Heating Type	Baseboard Heaters, Other
Size Interior	7,068 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	98 Ft ,11 In
Size Frontage	33 Ft ,5 In
Size Irregular	33.49 X 98.98 Ft
Size Total Text	33.49 X 98.98 Ft
Zoning Description	C2-6

https://www.realtor.ca/real-estate/29318647/363-front-street-belleville-belleville-ward-belleville-ward