Royal LePage Commercial - The Investments Group is pleased to present The Front St. Lofts at 363 Front Street, Belleville, Ontario, a fully renovated mixed-use investment property located in Belleville's downtown core. The property comprises one ground-floor commercial unit and seven one-bedroom residential apartments. The building has been upgraded with structural improvements, new plumbing, electrical, HVAC, windows, doors, kitchens, and modern finishes throughout, offering a true turnkey investment. The asset is MLI qualified, with a VTB options available, and includes a five-year structural warranty by Cento Capital. The commercial unit is secured by a five-year semi-gross lease with annual escalations, and all residential suites are leased at current market rents. In place property management can be assumed, featuring onsite management, automated rent collection software, and a fully automated management system, allowing for seamless ownership. The asset is well positioned for CMHC-insured financing, subject to lender approval. (id:15069)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12753752 |
| Property Type | Multi-family |
| Community Name | Belleville Ward |
| Age | 100+ Years |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Baseboard Heaters, Other |
| Size Interior | 7,068 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 98 Ft ,11 In |
| Size Frontage | 33 Ft ,5 In |
| Size Irregular | 33.49 X 98.98 Ft |
| Size Total Text | 33.49 X 98.98 Ft |
| Zoning Description | C2-6 |
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