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Home ON Hastings Belleville
249-253 FRONT STREET
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249-253 FRONT STREET $3,950,000
$3,950,000
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249-253 FRONT STREET
Belleville, Ontario K8N2Z6

MLS® Number: X9391504

Listing Description

Introducing your next investment opportunity, the Burrows Building! Located in Downtown Belleville, this multi-use building offers a blend of commercial and residential spaces, ensuring a diverse revenue stream. Among its highlights are 3 commercial and 11 residential units: 8 bachelors, 1 two-bedroom, and 2 one-bedroom apartments. With two of the commercial spaces being currently leased, an additional vacant 2161 sqft open concept unit awaits customization to meet tenants or owners needs. The residential units have undergone extensive recent renovations, showcasing contemporary amenities with the building's unique architectural charm. Some units are furnished and licensed for short-term accommodation, catering to both long and short term tenants. The Burrows Building has been completely upgraded and renovated within the last 3 years, including a total rebuild with structural upgrades, a new lower roof, new windows, new fire escapes, and security enhancements with surveillance cameras. Boasting stable rental income and promising growth potential, the Burrows Building presents an exceptional opportunity to expand your investment portfolio. (36920132)

Location Description

Front Street And Campbell St

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Land Size
Bldg=60.75 x 172.24 FT
Annual Property Taxes
$20,400
Time on REALTOR.ca
73 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Hot water radiator heat (Natural gas)
Utilities
Water
Municipal water

Measurements

Square Footage
12722 sqft
Exterior Building Size
12722 sqft

Land

Lot Features
Frontage
60 ft ,9 in
Land Depth
172 ft ,2 in
Other Property Information
Zoning Description
MX1
Data provided by: Central Lakes Association of REALTORS® Unit 5 - 1100 BENNETT Road, BOWMANVILLE, Ontario L1C 0Y7

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