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$299,900
Belleville
8 Dunbar Street, Belleville (Belleville Ward), Ontario, K8P3R5
This multi-family property in Belleville is for sale offering roughly 1,300 sq ft of space. It has been on the market 20 days, fresher than the Belleville average of 79 days.
ATTENTION ALL INVESTORS AND FIRST-TIME HOME BUYERS!!! This FULLY VACANT legal duplex presents an outstanding opportunity to generate immediate rental income or offset your mortgage by living in one unit while renting the other. Ideally located on a quiet street in Belleville's desirable West Hill, this property is within walking distance of downtown Belleville, the waterfront trail, shopping, restaurants, and local amenities. The bright and spacious main-floor unit features 2 bedrooms, 1 bathroom, and an abundance of natural light throughout. This unit was previously rented for $2,250 per month inclusive. Additional features include access to the basement laundry area with a washer and dryer. The upper-level bachelor suite was previously leased for $700/month and offers a functional layout with a kitchen, combined bedroom/sitting area, and a 3-piece bathroom, making it an attractive option for a single tenant or short-term rental opportunity. Operating costs are very reasonable, with combined hydro expenses averaging approximately $276 per month for both units, natural gas averaging just $49 per month, and water costs averaging approximately $85 per month. Whether you're looking to expand your investment portfolio or purchase your first home with built-in income potential, this fully vacant legal duplex offers flexibility, strong rental potential, and an excellent location. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 79 days across the listings currently for sale in this city
This 3-bed multi-family in Belleville (Belleville Ward) has been listed for 20 days, which is 59 days fresher than the city average of 79. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $299,900, about 4.6× the local median household income of $64,500.
Carrying it typically needs a household income of about $58,581 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K8P)
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Loading rates, 30-yr amortization
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