Jag Patel
Broker
$549,900
Available - For Sale
Listing ID: X12570026
108 Moira Street West , Belleville, K8P 1S9, Hastings
| QUICK CLOSE IN 2025 - AFFORDABLE MULTI-RESIDENTIAL INVESTMENT IN THE HEART OF THE BAY OF QUINTE. ******************************* List price UNDER $92,000 per suite. ********************************** This solid all-brick, 3-storey 6-plex features six 2-bedroom units, a long history of full occupancy, and an unbeatable west-end Belleville location just steps from vibrant, historic downtown Belleville and the scenic Moira River & waterfront trail. Enjoy top-tier walkability with beloved local spots like Small Scale Bread, L'Auberge de France, and The Local Social House only moments away - an attractive draw for quality residents and visitors alike. Financials for 2025 show Gross Revenue exceeding $80,000 annually and a Net Operating Income of approximately $45,000, with an allowance for an 8% Management / Maintenance Fee (currently self-managed) delivering an impressive 8% + cap rate at the list price. With current average rents sitting well below market, there is significant upside to reposition this asset for income growth. Two separate laundry and utility rooms for tenant convenience. Don't miss this chance to secure at an affordable price a stable, well-located multi-residential asset in the Bay of Quinte - one of Ontario's fastest-growing and most desirable communities. Don't miss attached brochure - Investing in Belleville in the Bay of Quinte Area. |
| Price | $549,900 |
| Taxes: | $8442.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 108 Moira Street West , Belleville, K8P 1S9, Hastings |
| Postal Code: | K8P 1S9 |
| Province/State: | Hastings |
| Legal Description: | PT LT 21 SW/S WALLBRIDGE RD PL 148 THURL |
| Directions/Cross Streets: | Moira Street W. & Wallbridge Cr. |
| 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 - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 3956.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Greenbelt/Conse Public Transit |
| Approximatly Age: | 51-99 |
| Business/Building Name: | 108 Moira Street |
| Financial Statement: | T |
| Chattels: | F |
| Franchise: | F |
| Management Expense: | 6438 |
| Water Expense: | $4524 |
| Net Income Before Debt: | $45470 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Outside Storage: | F |
| Crane: | F |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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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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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Belleville |
| Neighbourhood: | Belleville Ward |
| Approximate Age: | 51-99 |
| Tax: | $8,442 |
| Fireplace: | N |
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