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From Our Gallery

Description

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.

Location Description

Dundas S E

Property Detail

  • Community: Belleville Ward
  • Property Type: Tenant/Commercial
  • Garages: None
  • Annual Property Taxes : $ 8326.66
  • sqft

Facts and Features

  • Parking Type : None

Amenities

  • Heating : Baseboard

Listing Contracted With: ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

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