$18,500,000
Available - For Sale
Listing ID: X12252701
228 Dundas Stre East , Belleville, K8N 1E4, Hastings
| Unlock a standout investment in Belleville's bustling East End. This multi-unit property has a total of 66 units. There are currently 33 units rented to CMHA as well as office space. There are 30 units rented individually. (Rent Roll available). There are numerous common areas including a kitchen dining area and lounge areas. There are also coin operated laundry rooms on each level. At its core is a dependable not-for-profit organization, secured under a 10-year lease and occupying office space alongside 66 residential units providing stable, long-term cash flow. Belleville General Hospital has leased the back parking lot for employees of QHC starting in Sept 2025. A full-scale renovation in 2023 brought major system upgrades, including electrical, plumbing, and security infrastructure, while also enhancing interiors with sleek kitchenettes, contemporary bathrooms, and durable, stylish flooring throughout. The result? A fully modernized, low-maintenance property delivering robust monthly and annual income with minimal overhead. Set in a high-demand location, it benefits from excellent transit access, nearby amenities, and a strong local tenant base making it an ideal fit for investors seeking both immediate yield and long-term security. Belleville's East End continues to grow as a vibrant, up-and-coming district, making this an ideal time to invest in a well-positioned asset with proven returns. Whether you're expanding your portfolio or seeking a cornerstone investment, this property offers a compelling mix of performance, potential, and peace of mind. Opportunities like this don't come often position yourself for success with a property that delivers on all fronts. |
| Price | $18,500,000 |
| Taxes: | $21847.09 |
| Tax Type: | Annual |
| Occupancy: | Partial |
| Address: | 228 Dundas Stre East , Belleville, K8N 1E4, Hastings |
| Postal Code: | K8N 1E4 |
| Province/State: | Hastings |
| Legal Description: | LT 33E PL 166 THURLOW; PT LT 31E, 32E PL |
| Directions/Cross Streets: | Dundas E/Bleecker |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - Over 20 Units |
| Building Percentage: | T |
| Total Area: | 42000.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 51-99 |
| Franchise: | F |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Outside Storage: | T |
| Soil Test: | Yes |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX QUINTE LTD. |
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Kambiz Farsian
Sales Representative
Dir:
416-317-4438
Bus:
905-695-7888
Fax:
905-695-0900
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Belleville |
| Neighbourhood: | Belleville Ward |
| Approximate Age: | 51-99 |
| Tax: | $21,847.09 |
| Fireplace: | N |
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