Back To Website
Gary Callaghan Belleville Real Estate We Sell Homes

West Hill (Belleville, Ontario, CA - K8P 3N9)
$294,900 Triplex! Fully Rented


"Investment Property" 
CENTURY 21 LANTHORN REAL ESTATE LTD


Gary Callaghan
613 967 2100(Office)
613 848 5508(Cell)


 
Details

Address: 34 Octavia Street. Belleville
Type: Multifamily
Style:  2 Storey
Development Level: Built
Bedrooms: 3
Bathrooms: 3
Garage: Single, Detached
Basement: Yes
Size: 1,947 sq. ft.
Lot Type: Rectangular
Lot Size: 50ft x 132ft
Has Suite: Yes
Year Built: 1907
Taxes: $3,834.00 (2018)
MLS® #: 146648
 
Description

Calling all investors! Fully occupied 2 story Brick triplex in the West end of Belleville. The building consists of a 2 bedroom apt upstairs, 1 bedroom and a bachelor apartment on the main level. The garage is also rented out to a fourth Tenant. 3 Hydro meters, two of the Tenants pay their own hydro. Natural gas heat. Hi-efficiency furnace new in 2007. Roof re-shingled in 2011. 200 amp service added in 1989 Electrical and plumbing updated at that time. Washer & dryer in main floor 1 bedroom unit. Single driveway on either side of the house with lots of additional parking space. Central location close to downtown, schools, and shopping. Revenue equals $33,420 per year. Expenses $11,853 leaving a net operating income of $21,567 for a 7.3% cap rate. All appliances included. Any unwanted items at the back of lot will be removed by Seller prior to closing. 24 hour notice required for all showings.

Directions: BRIDGE STREET WEST TO OCTAVIA. HOUSE ON WEST SIDE BETWEEN BRIDGE AND CATHERINE STREET. SIGN ON.
 
Brokered and Advertised by:
   ReMax Quinte LTD
 
P2#287324999

Information is deemed to be correct but not guaranteed.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.