249-253 FRONT STREET
Belleville (Belleville Ward), Ontario
MLS® X13463854
$2,850,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13463854
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 22Listing description
Introducing the Burrows Building, a turnkey mixed-use investment opportunity in the heart of Downtown Belleville. This fully renovated and fully tenanted property offers stable, diversified income streams through a mix of commercial and residential units, making it an attractive opportunity for private investors, real estate professionals, and portfolio landlords alike. The building features 2 commercial units and 11 residential apartments, including 8 bachelor units, 1 two-bedroom unit, and 2 one-bedroom units, all of which are currently leased and have a history of strong tenant demand and minimal vacancy.
Extensive renovations and capital improvements have already been completed, including structural upgrades, new windows, new fire escapes, enhanced security systems, and significant interior renovations throughout the building. The building's historic character has been preserved with exposed brick walls, while modern upgrades provide functionality and comfort. Located in Belleville's growing Downtown Core, the property benefits from ongoing economic development, nearby amenities, and continued demand for both residential and commercial space.
The Burrows Building presents an excellent opportunity to acquire a stabilized, income-producing asset with immediate cash flow and long-term appreciation potential.
Property summary
- MLS® number
- X13463854
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 12,722 sq ft
- Land size
- Bldg=60.75 x 172.24 FT
- Annual property taxes
- $26,753.40
- Days on market
- 76 days
Features & details
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $2,850,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EKORT REALTY LTD., Belleville.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.