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5 Plex in Belleville
Price: $749,000
Status: For Sale
PIN / MLS® #:
 

x8065516

Address: 170 College Street West
City: Belleville, On. K8P 2G8
Side of Road: North
Lot Size: 86,33 feet x 124.3 feet
Acreage: < 0.5
Approx. Acres Range: < 0.5
     

 

Major Area: Belleville
District: Hastings
Subdistrict:  
Zoning: R2
Elementary School: Parkdale Public School
Secondary School: Centennial Secondary School
 
Property Overview

 

Legal 5-plex in a great central location in Belleville. This brick 2951 sq ft. 2 story is on a main bus route and close to schools, shopping & the 401. A well-maintained property comprised of a large 2- bedroom & four 1-bedroom apartments. The property has some great features & updates including 5 owned HWTs. Two high-efficiency natural gas furnaces (2021). Metal roof (2020). All units are separately metered for hydro & water. Paved parking for 6-7 vehicles,one with recycled asphalt (2017) . Most windows & Exterior doors are newer. 4 of the 5 apartments have been updated with laminate & vinyl flooring, LED lighting & plumbing fixtures. Upstairs apartment renovated in 2023.Keyless entry on 3 apartments. Tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliancy. Some newer appliances. Three of the four ground-floor apartments have large partially fenced private yards. Most are long term tenants who all pay for their own water & hydro. Landlord pays gas heat. 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property with a 5.6% cap rate at asking price. Electric baseboards not used. Current rents still have real growth potential. 

24 notice is needed for all showings.

 
 
     
Directions Sidney or North Front Street to College Street West. Corner of College Street and Glendale Road. Number 170. Sign on.
Inclusions
5 Fridges, 5 Stoves, 5 Hot water tanks, Smoke Detectors & CO detectors, 2 built-in AC units, most blinds and window coverings.
Exclusion All tenant’s belongings.
Type: 5-plex
Style: 2 Storey
Title To Land: Freehold
Property Size: < 0.5
Land Features: Flat
Accessory Buildings: None
Services: Cable TV Available, Electricity, Garbage/Sanitary Collection, High-Speed Internet Avail, Natural Gas, Recycling Pickup, Telephone Available, 
Rental Equipment: None
1st Heat Source: Natural Gas Forced Air
2nd Heat Source: Electric Baseboard
HVAC Features: None
Water: Municipal
Sewage:
Sewer (Municipal)
Garage Type:  None
Driveway: 6-7 Spaces
Documents On File:  
Easements/Restrictions: None
Foundation/Bsmt: Concrete, Full Basement
Roof: Metal (2020)
Flooring: Laminate, Vinyl
Interior Features:  Separate Hydro & Water Meters, 5 Hot water tanks Some apartments have been updated, 2 Furnaces, Partially Sprinklered, Workshop
Exterior: Brick & Vinyl Siding
Exterior Features: Porch, Private Entrance, Separate Hydro& water  Meters, Fenced Yards. Year Round Living
Access: Municipal Road, Paved Road, Year Round Road
Total # Of Bedrooms: 6
Full/Half Baths: 5
# Of Kitchens: 5
# Of Parking Spaces: 6-7
Sign: Yes
SQ Footage 2,958
Vermiculite: Unknown Garage: NO
Property For: Sale Sale Type: Multi Unit Residence
Approx. Age Range:
51-99 Years
 
Full Assessed Value:
               
Current Assessed Value:   Taxes:
$5,165.00/2023
Improvements: Furnaces,Plumbing, Roof, Flooring.
Listing Office: RE/MAX QUINTE LTD, Brokerage – TRENTON  
Compliments of:   JASON WOOD, Sales Person: 613-392-6594
E-mail:   mr.jasonwood@gmail.com
Company Name:   RE/MAX QUINTE LTD, BROKERAGE – TRENTON: 613-392-6594 
 

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