Description

Turnkey single-tenant commercial building! This 2,000 sqft property features a beautiful stucco facade and ample parking. Recently updated, the building is leased on a triple net lease with approximately 7 years remaining to a stable, long-term tenant. A prime investment opportunity in Belleville - add this solid, income-generating property to your portfolio! NOI approx. $23,100 with future escalations. (id:66096)

Property Details

MLS®: X12654620
Property Type: Office
Business Type: Other
Zoning: MX1
Interior Size: 2,000 ft²
Lot Size: 84 × 67 ft (5,617 sq ft)
Frontage: 83 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $7,912.26/yr
Listed: 307 days ago

Market Timing

Days on market

307d

Belleville (Belleville Ward) listings, avg age

80d

Price / ft²

$250

List price

$500K

Haho

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Area context

Neighbourhood profile (K8N)

This home lists at $499,900, about 6.3× the local median household income of $79,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.

Median household income: $79,000
Population: 30,393
Median age: 48
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K8N)

$499,900· $250/ft²

For sale

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Financing

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437 Bleecker Avenue, Belleville (Belleville Ward) - Office for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (K8N)

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