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$ 400,000
Est. payment | /mo
2,244 SqFt
$ 400,000
Est. payment | /mo
2,244 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,244 sqft
Price per Sqft $178
Subdivision Belleville Ward
MLS Listing ID X13746928
Annual Tax Amount $3,400
Tax Year 2025
Property Sub-Type Investment
Property Description
An exceptional investment opportunity, this fully occupied triplex features three distinct two-bedroom, one-bathroom suites. The two front ground-floor units benefit from exclusive basement access for extra storage, and each apartment is individually metered for complete utility independence, with tenants paying their own gas, hydro, and water. Every unit includes its own dedicated heating and hot water system, highlighted by a new gas furnace installed in Unit B in 2022 and well-maintained windows throughout. Situated on a surprisingly expansive lot with a large backyard, the property currently operates under grandfathered residential use but carries a flexible C3 commercial zoning - offering incredible long-term potential for future business conversion or strategic redevelopment. The monthly rents are as follows; in addition they pay their own heat, hydro, water etc. Unit: 465A - $784.50, Unit: 465B - $830.00, Unit: 466C - $758.50. There are no leases in place. They are all long-term, reliable tenants.
Location
Province ON
County Hastings
Area Hastings
Zoning C3
Interior
Cooling No
Inclusions 2 Fridges, 2 Stoves in Unit A & B; 3 HWTs
Exterior
Utilities Available Yes
Lot Frontage 55.7
Lot Depth 268.38
Others
ParcelsYN No
Listed by Exit Realty Group
Schools and Properties Nearby