See all 32 photos
32 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
-
Est. payment /mo
15,102 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 15,102 sqft
Subdivision Belleville Ward
MLS Listing ID X12945504
Annual Tax Amount $28,311
Tax Year 2025
Property Sub-Type Investment
Property Description
58 & 60 Elgin Street at $1,945,000 each. Each building consists of 11 two bedroom and 1 one bedroom units, for a total of 24 units. There is 1 vacant unit consisting of one bedroom (58-01) which is currently used as a workshop/office.As of the August 1, 2026 rent roll the current projected monthly income for 58 and 60 is $27,857.90. Primary expenses: - Property Taxes $28,311.82 Insurance $8,323 water $12,050 hydro $10,348. Fire alarm monitoring 2025 $1224. Fire alarm monitoring 2025 $1224. Bell phone (fire alarm communication) 2025 $1080. Waste collection 2025 $2280. Grass & snow maintenance 2024 $3000. NOTES:Both buildings have newly installed fully functioning fire alarm systems with notifier communication to Belleville Fire Dept. currently monitored by Alarm Systems Belleville. Total cost of retrofit in 2023/2024 was approximately $100,000.Window replacement at 58 Egin is approx. 90%. All windows have been fully flashed in 2025 ($8000.)Window replacement at 60 Elgin is approx. 70%.This property to be sold with adjacent 12 Plex listing
Location
State ON
County Hastings
Area Hastings
Zoning R6
Interior
Cooling No
Inclusions 10 Fridges, 12 Stoves, 2 Washers, 2 Dryers, Hot Water Tank (4)
Exterior
Utilities Available Available
Lot Frontage 102.36
Lot Depth 150.38
Building
Building Age 31-50
Others
ParcelsYN No
Read Less Info
Listed by Re/Max Quinte Ltd.