Belleville - Belleville Ward
Sold For$455,000
Listed For $499,000
Sold 7 months ago
Set on a large, south-facing corner lot, this red brick turn-of-the-century home has been thoughtfully converted into four apartments three one-bedroom units and one two-bedroom unit making it a fantastic investment opportunity. With below-market rents with long-term tenants ranging from $750 to $800 per month and a net operating income of approximately $15,250, this property offers considerable room for upside. The gross rent is $36,600, which includes water, gas, taxes, insurance, and maintenance. The home retains many of its original period details, showcasing the craftsmanship of its era. Hardwood floors, two decorative cast iron fireplaces, large bay windows, and soaring ceilings highlight the living spaces. Decorative archways, original doors, trim, and mouldings further enhance the
* Values are estimates only and not a guarantee of lending or affordability.
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