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Royal LePage
Royal LePage
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$674,000

Belleville (Belleville Ward) ON, K8P 1J4

MLS® # X12168570

Property Information:

**Updated Income and Expenses Available** Net income of $63,221/year and a CAP rate of 9.4%! This triplex boasts a new crop of A+ tenants all paying market rent and their own utilities. Don't be that want-to-be-real-estate-investors who uses all 10 fingers and all 10 toes to find a reason NOT to invest. Put those digits (and your spreadsheets) to good use. Take a look at this nicely updated triplex in the heart of Belleville. The bright 1 bedroom upstairs unit is recently renovated. The two lower units have been bringing in great rental income. One was just refreshed with new paint and flooring throughout. Separate meters means all tenants pay their own water, sewer, heat and hydro utilities. A metal roof was added in 2017, as well as 2 new gas furnaces. More recent updates include windows, flooring, kitchens, bathroom updates, a new gas fireplace for the upstairs unit and new side decks for the lower units. Each unit has its own laundry. Even better this beautifully maintained property includes plenty of parking and is walking distance to shopping. Public transit stops here. If you've been looking for an easy, cash-flowing investment with a 9.4% CAP rate, you've found it. (id:7525)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Amenities: Separate Heating Controls, Separate Hydro Meters
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace: Yes
  • Floor Space: 2500 - 3000 sqft
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 7
  • Bathrooms: 5
  • Amenities Nearby: Public Transit
  • Features: Flat site, Carpet Free
  • Floor Space (approx): 2500 - 3000 Square Feet
  • Irregular: Yes
  • Lot Depth: 108.8 Feet
  • Lot Frontage: 52.0 Feet
  • Lot Size: 52 x 108.9 FT
  • Utility Type: Cable - Available, Hydro - Installed, Sewer - Installed
  • Zoning: R2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Rooms:

  • 2nd Bedroom 2nd Level 3.45 m x 2.62 m
  • 3rd Bedroom 2nd Level 3.61 m x 3.61 m
  • Bedroom 2nd Level 3.46 m x 2.73 m
  • 2nd Bedroom 2nd Level 2.34 m x 3.86 m
  • 3rd Bedroom 2nd Level 3.28 m x 3.60 m
  • Bedroom 2nd Level 2.66 m x 3.74 m
  • Dining Main Level 3.60 m x 2.74 m
  • Kitchen Main Level 3.42 m x 4.12 m
  • Living Main Level 3.61 m x 4.71 m
  • Dining Main Level 3.60 m x 2.72 m
  • Kitchen Main Level 3.40 m x 4.10 m
  • Living Main Level 3.59 m x 4.68 m

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⚠ Potential Investment Performance

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Location of 91 BRIDGE STREET W, Belleville (Belleville Ward), Ontario, K8P 1J4

Demographic Information of 91 BRIDGE STREET W, Belleville (Belleville Ward), Ontario, K8P 1J4

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$79,691.13

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.49 %

High school certificate or equivalent

36.15 %

Apprenticeship trade certificate/diploma

4.57 %

College/non-university certificate

27.96 %

University certificate (below bachelor)

0.12 %

University Degree

6.71 %

Commuter

Travel To Work

By Car

82.09 %

By Public Transit

5.6 %

By Walking

6.19 %

By Bicycle

0.0 %

By Other Methods

6.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

51.66 %

Houses

48.34 %

Own Vs. Rent

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