249 253 Front St, Belleville

249 253 Front St, Belleville, ON K8N2Z6 Photo 1

21 Photos

249 253 Front St, Belleville, ON K8N2Z6 Photo 2
249 253 Front St, Belleville, ON K8N2Z6 Photo 3
249 253 Front St, Belleville, ON K8N2Z6 Photo 4
249 253 Front St, Belleville, ON K8N2Z6 Photo 5
249 253 Front St, Belleville, ON K8N2Z6 Photo 6
249 253 Front St, Belleville, ON K8N2Z6 Photo 7
  • Living area: 12722 square feet
  • MLS®: x8097404
  • Added: 63 days ago

Property Details

Introducing your next investment opportunity, the Burrows Building! Located in Downtown Belleville, this multi-use building offers a blend of commercial and residential spaces, ensuring a diverse revenue stream. Among its highlights are 3 commercial and 11 residential units: 8 bachelors, 1 two-bedroom, and 2 one-bedroom apartments. With two of the commercial spaces leased, a 2161 sqft open concept unit awaits customization to meet tenants or owners needs. The residential units have undergone recent renovations, showcasing contemporary amenities with the building's unique architectural charm. Some units are furnished and licensed for short-term accommodation, catering to both long and short term tenants. The Burrows Building has been completely upgraded and renovated within the last 3 years, including a total rebuild with structural upgrades, a new lower roof, site grading and drainage, new windows, and security enhancements with surveillance cameras. Boasting stable rental income and promising growth potential, the Burrows Building presents an exceptional opportunity to expand your investment portfolio. (id:1945)

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Property Information

  • Cooling: Fully air conditioned
  • Living Area: 12722
  • Photos Count: 21
  • Water Source: Municipal water
  • Structure Type: Multi-Family
  • Tax Annual Amount: 20400
  • Building Area Total: 12722
  • Lot Size Dimensions: Bldg=60.75 x 172.24 FT
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Nearby Places

Name Type Address Distance
Capers' Ritchie Room Restaurant 272 Front St 0.1 km
Pinnacle Playhouse The Pinnacle Playhouse is a theatre in Belleville,... 0.1 km
Dinkel's & Paulo's Restaurants Restaurant 44 Bridge St E 0.2 km
L'Auberge de France Restaurant 304 Front St 0.2 km
Quinte Conservation It is headquartered in Belleville, Ontario... 0.2 km
Belleville, Ontario It is the seat of Hastings County, but politically... 0.2 km
Earl & Angelos Restaurant Restaurant 182 Front St 0.2 km
Belleville City Hall Built in 1873 as town hall and market by local ar... 0.3 km
The Corporation of the City of Belleville City hall 169 Front St 0.3 km
Cafe E Restaurant 357 Front St 0.4 km
Bridge Street Retirement Residence Health 85 Bridge St E 0.4 km
Bridge Street Retirement Residence In operation since 1989, Bridge Street was constru... 0.4 km
249 253 Front St mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 249 253 Front St. The current price of the property is $5,885,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $4,708,000. This would result in a monthly mortgage payment of $27,519 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree 10
Bachelor's degree 20
Certificate of Qualification 10
College 85
University degree at bachelor level or above 25

Neighbourhood Marital Status Stat

Married 70
Widowed 15
Divorced 55
Separated 30
Never married 155
Living common law 70
Married or living common law 140
Not married and not living common law 260

Neighbourhood Construction Date

1961 to 1980 40
1981 to 1990 15
1991 to 2000 40
1960 or before 170
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