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249-253 FRONT ST - MLS® # X8097404

Property Details


List Price
$5,885,000
Living Area
12,722 sqft.
Bedrooms
N/A
Bathrooms
N/A
Lot Size Area
Bldg=60.75 x 172.24 FT
Taxes
N/A
Type
Multi-Family
Style
N/A
Basement
Year Built
N/A

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 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. (id:2469)

Listing Provided By

EKORT REALTY LTD.

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  • Alket Kulla
  • 705-743-9111
  • 705-761-5585
  • 705-743-9111
  • 1-800-567-4546
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  • Eastern Realty Inc Brokerage
  • 91 George Street N, 2nd Floor
  • Peterborough, ON
  • K9J 3G3