$1,450,000

Investment For Sale In Belleville (Belleville Ward), Ontario

$1,450,000

Property Information:

INVEST IN POTTER'S CREEK! 5 Sienna is your best opportunity to own a wonderful, purpose-built, brand-new 4-plex right at the entrance of Potter's Creek. This location is so convenient for military personnel to get to the base, healthcare workers to get to the hospital, and access for everyone to all of Quinte's best amenities. PLUS! Being right on the corner of Dundas St, there is a prime opportunity to lease advertising space at a premium in the future. Each individual unit feature around 1,100 sq. ft of total living space, complete with 2 bedrooms, 1 bathroom, kitchen, laundry, and their own mechanical rooms and equipment. All utilities are separated and market rent for each unit is $2,200+utilities/month conservatively - giving you $105,600 in annual income! BONUS! Canada's new Purpose Built Rental Housing (PBRH) Rebate allow the buyer to apply for a FULL HST rebate, which would reduce the purchase price after closing to $1,283,186 - WOW, what a savings! Construction is under way now. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Basement Type: None
  • Exterior Finish: Vinyl siding
  • Floor Space: 3500 - 5000 sqft
  • Foundation Type:
  • Heating Type: Heat Pump, Not known
  • Heating Fuel: Electric, Electric
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8
  • Bathrooms: 4
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 117.3 Feet
  • Lot Frontage: 77.6 Feet
  • Lot Size: 77.6 x 117.3 FT
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Courtesy of: CENTURY 21 LANTHORN REAL ESTATE LTD.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.