45 BLACK DIAMOND ROAD
Belleville (Thurlow Ward), Ontario
MLS® X13659154
$1,999,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13659154
- Bedrooms
- 0
- Bathrooms
- 9
- Year built
- —
1 / 50Listing description
Exceptional investment opportunity featuring nine detached residential rental units on one 2. 74-acre parcel, conveniently located on Black Diamond Road just minutes from Highway 401. Fully rented and family owned since 1978, this established income-producing property is serviced by municipal water, municipal sewer and natural gas.
The unit mix includes six 2-bedroom homes, two 3-bedroom homes and one 1-bedroom home, with many of the units having received updates over the years. Capital improvements include five newer furnaces and nine separate 100-amp electrical panels. The property also includes a detached 2.
5-car garage and a detached single-car garage, providing additional storage and functionality. Frontage on two separate roads offers convenient access and added flexibility. One tenant currently manages snow removal and lawn maintenance, helping to reduce operating expenses.
Ideally suited to investors seeking to expand their portfolio or multi-generational families looking for separate residences on one property, this unique offering provides established rental income, long-term potential and convenient access to major routes, amenities and services. Properties of this size and configuration are rarely available.
Property summary
- MLS® number
- X13659154
- Property type
- Multi-family
- Building type
- Other
- Land size
- 608.7 x 480.4 FT
- Annual property taxes
- $12,503.94
- Parking
- 21 spaces · Detached Garage, Garage
- Days on market
- 38 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Crawl space
- Exterior features
- Vinyl siding
- Lot features
- Irregular lot size
- Architectural style
- Bungalow
What would this home cost you?
Based on the $1,999,000 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 Royal Lepage Proalliance Realty, 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.