$4,850,000

249-253 Front St

, Belleville, Ontario, K8N 2Z6

| | sq.ft. |
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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 leased, a 2161 sqft open concept unit awaits customization to meet tenants or owners needs. The residential units have undergone 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, site grading and drainage, new windows, 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.

Property Info
MLS®: X8483146
Listing Courtesy of EKORT REALTY LTD.
Total Bedrooms 0
Total Bathrooms 0
Floor Space 0 sq.ft.
Lot Size 10464 sq.ft.
Style other
Last Updated 2024-07-11
Property Type Investment
Listed Price $4,850,000
Unit Pricing $4,850,000/sq.ft.
Strata Fee $0.00
Tax Estimate $20,400/Year
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