363 Front Street
Belleville Hastings K8N 2Z9

$2,599,000 /For Sale
Commercial

Main Photo: 363 Front Street in Hastings: Property for sale (Belleville)  : MLS®# X11966547
Photo 1: 363 Front Street in Hastings: Property for sale (Belleville)  : MLS®# X11966547
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X11966547
Bus Major:
Apts-6 To 12 Units
8 UNIT - Secure $160,800 in annual income from this exceptional, fully tenanted, turn-key commercial property in the heart of Bellevilles dynamic downtown. MLI SELECT POTENTIAL - Ductless Splits Roughed In. Completely rebuilt to modern standards, this property boasts brand-new construction, including framing, walls, flooring, plumbing, electrical panel, wiring, windows, doors, and lighting all designed to meet current building codes and minimize future maintenance. Each tenant is responsible for their own utilities, providing low overhead and strong net returns for investors. Positioned in a high-demand location, 363 Front Street is a rare opportunity offering both immediate cash flow and long-term appreciation potential. Properties of this caliber are in short supply don't miss your chance to add this outstanding asset to your portfolio!
Property Type:
Commercial
Commercial Type:
Investment
Depth:
98'11¾"
Frontage:
33'5⅞"
Total Area:
5,800 sq. ft.
Zoning:
C2-6
Heating type:
Baseboard
Garage:
None
Taxes:
$12,638 / 2024
Assessment:
$- / -
Utilities:
Y
Water supply:
Municipal
Seller Property Info Statement:
No
Maintenance Fee:
0.0
Air Conditioning:
N
Log/Bldg/Unit Code:
Lot
Percentage Rent:
0
Sprinklers:
No
Type Taxes:
Annual
Vacancy Allowance:
0
Category:
Apartment
Major Business Type:
Apts-6 To 12 Units
Estimated Inventory At Cost:
0
Freestanding:
Yes
Gross income:
$160,800
Expenses Actual/Estimated:
Actual
Heating Expenses:
0
Hydro Expenses:
2846
Insurance Expenses:
4500
Management Expenses:
0
Operating Expenses:
$0
Other Expenses:
$0
Tax Expenses:
$12,638
Water Expenses:
$0
Common Area Upcharge:
0.0
Net Income Before Debt:
$140,816
Date Listed:
Feb 11, 2025
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Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE
Data was last updated February 11, 2025 at 03:55 PM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.