For Sale

228 Dundas Street, Belleville, Ontario K8N1E4

$18,900,000

228 Dundas Street, Belleville, Ontario K8N1E4 is For Sale and has a listing price of 18,900,000. The property is located in the Belleville neighbourhood. It's been on the website for 12 Days.

  • Multi-family
    Property Type
  • Multi-family
    Building Type
  • MLS ID: X9238491
  • Office Name ROYAL LEPAGE PROALLIANCE REALTY
Property Description

Seize this exceptional investment opportunity in Belleville’s East End. This property features a diversified income stream, anchored by a reliable, long-term not-for-profit tenant on a secure 10-year lease, encompassing office spaces and 38 residential units. Additionally, 28 bachelor units on individual leases offer flexibility and future upside potential with rent increases. A comprehensive renovation completed in 2023 included updates to electrical and plumbing systems, interior finishing, a fob security system, and more. Each unit has been retrofitted with a kitchenette, new bathroom, and high-quality flooring, ensuring modern comfort and appeal. The property generates excellent monthly and annual income with low annual expenses, making it a financially attractive asset. Situated in a vibrant area with consistent demand, this property is perfect for discerning investors seeking stability and high returns. Its prime location provides easy access to amenities, public transportation, and a thriving community. Belleville’s East End is known for its dynamic atmosphere and growth potential, ensuring that this investment remains lucrative for years to come. Don’t miss out on this rare chance to add a high-performing property to your portfolio. This asset guarantees financial growth and security, presenting a unique opportunity for those looking to capitalize on a thriving market. Act now to secure this lucrative investment and enjoy the benefits of a stable, high-yield property in one of Belleville’s most sought-after areas. This is your opportunity to make a smart, future-proof investment in a prime location (id:43137)

Property Details
  • MLS ID: X9238491
  • Price: $18,900,000
  • Transaction Types: For Sale
  • Ref ID: 27249741
  • 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
08/02/2024 X9238491 $18,900,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Belleville
  • $685,996 Average List Price
    based on 1 year
  • 100 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
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
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Heating System Forced Air
  • Water Municipal Water
  • Cooling System Fully Air Conditioned
  • Property Features Elevator
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 02/08/2024 00:00:00
  • Zoning R1
  • Agent Name: JOHN-ROSS PARKS
  • Last Updated: 12/12/2024 16:19:20
Open House Dates
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