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$1,999,000
Belleville
45 Black Diamond Road, Belleville (Thurlow Ward), Ontario, K8N0N6
This multi-family property in Belleville is for sale offering roughly 900 sq ft of space.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 86 days on market, against an average age of 62 days across the listings currently for sale in this city
This multi-family in Belleville (Thurlow Ward) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,999,000, about 25.3× the local median household income of $79,000.
Carrying it typically needs a household income of about $390,475 (20% down, 25-yr amortization, stress-tested) — roughly 394% 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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