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$899,000
Belleville
15 Forin Street, Belleville (Belleville Ward), Ontario, K8N2H7
This multi-family property in Belleville is for sale offering roughly 3,250 sq ft of space. It has been on the market 75 days, fresher than the Belleville average of 80 days.
ATTENTION INVESTORS - 4-PLEX IN BELLEVILLE'S OLD EAST HILL! An exceptional investment opportunity awaits on historic Forin Street in Belleville's highly sought-after Old East Hill neighbourhood. This meticulously cared-for, fully tenanted 4-plex offers the ideal combination of timeless character, functional living spaces, and the convenience of a multi-unit property in one of the city's most established communities. Steeped in history, this century home showcases the architectural charm and character of its era, thoughtfully complemented by modern conveniences. The property presents both immediate functionality and exciting future possibilities for investors. Located in the heart of Old East Hill, residents enjoy mature streetscapes, established neighbourhoods, local amenities, and convenient access to all that Belleville has to offer. The area's enduring appeal makes it a desirable location for tenants and a compelling choice for investors seeking a well-positioned multi-residential property.Whether you're an experienced investor looking to expand your portfolio or exploring your first multi-residential acquisition, this Forin Street property offers the opportunity to own a piece of Belleville history while investing in a meticulously maintained, income-producing property. Don't miss this opportunity to add a distinctive and well-maintained 4-plex to your investment portfolio. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 75 days on market, against an average age of 80 days across the listings currently for sale in this city
This 5-bed multi-family in Belleville (Belleville Ward) has been listed for 75 days, which is 5 days fresher than the city average of 80. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $899,000, about 11.4× the local median household income of $79,000.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 122% above the area median.
Source: Statistics Canada, 2021 Census (FSA K8N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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