For Sale

249-253 Front Street Unit# 249, Belleville, Ontario K8N2Z6

$3,950,000

249-253 Front Street Unit# 249, Belleville, Ontario K8N2Z6 is For Sale and has a listing price of 3,950,000. The property is located in the Belleville neighbourhood. It's been on the website for 76 Days.

  • Multi-family
    Property Type
  • Multi-family
    Building Type
  • MLS ID: X9391504
  • Office Name EKORT REALTY LTD.
Property 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. (id:43137)

Property Details
  • MLS ID: X9391504
  • Price: $3,950,000
  • Transaction Types: For Sale
  • Ref ID: 27528628
  • Year Built: N/A
  • Building Type: Multi-family
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
10/05/2024 X9391504 $3,950,000 For Sale - -
10/01/2024 X9375596 $4,359,500 For Sale - -
06/25/2024 X8483146 $4,850,000 For Sale - -
03/22/2024 X8164554 $45,000 For Sale - -
02/26/2024 X8097404 $6,395,500 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Belleville
  • $685,996 Average List Price
    based on 1 year
  • 94 New Listings
    based on 30 days
  • 76 Median Days on Market
    based on 1 year
  • List vs. Selling Price 45.96 % Up
  • Sold (12mo) 456
  • Rented (12mo) 118

  • 1 Month Change +28.5%
  • 3 Month Change +27.3%
  • 6 Month Change +36.3%
Walkscore
  • 90 Walk Score
    Walker's Paradise
  • 79 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    81.39%
  • All Houses/Commercial
    0.02%
  • Commercial
    10.62%
  • Condo
    6.92%
  • Land for Sale
    1.05%
Additional Details
  • Heat Source Natural Gas
  • Heating System Hot Water Radiator Heat
  • Water Municipal Water
  • Cooling System Fully Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 05/10/2024 00:00:00
  • Zoning Y
  • Agent Name: Jamie T. Troke
  • Last Updated: 18/11/2024 20:30:08
Open House Dates
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