243-245 Coleman Street, Belleville, Ontario K8P 3H8

  • 243-245 Coleman Street
  • 245 Coleman Street
  • 243A Living Room
  • 243A Living Room
  • 243A Living Room
  • 243A Kitchen
  • 243A Kitchen
  • 243A Kitchen
  • 243A Kitchen
  • 243A Bathroom
  • 245 Coleman Street
  • 245A Living Room
  • 245A Living Room
  • 245A Bedroom
  • 245A Bedroom
  • 245A Kitchen
  • 245A Kitchen
  • 245A Kitchen
  • 245A Bathroom
  • 243 Coleman Street
  • Back Yard
  • 2 Duplexes on one lot.
$319,900 CAD
  • 4 Beds
  • 2 Baths
  • 2,774 Sqft
Property Type
Multi-family
Lot Size
0.072 Ac
MLS® Number
144021
Year Built
1920
Date Added
7 November 2018
Lot info
50.00ft x 63.00ft
Basement
Full
Taxes
4,092 CAD (2017)

Location

Postal Code
K8P 3H8

Attachments

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Description for 243-245 Coleman Street

Waterfront investment property with great growth potential. 2 duplexes on one lot downtown Belleville. 2 detached homes comprised of a total of 4-1 bedroom apartments. Central location downtown Belleville. Zoned comm. 3-5. Both have natural gas heat. One has a forced air furnace & the other a boiler system. Some updates include shingles, flooring & both front porches. New toilet and flooring in a bathroom in 245B. Good cap rate of 7.3% presently but with an Owner not looking for property management that number increases substantially. Fully occupied with new Tenant going into 245B at $900 all inclusive. 1-min walk to downtown, close to shopping, restaurants & the waterfront trail. City transit right at the front door. Landlord pays all utilities. Gross rents $39,794.40/year. Expenses $16,532 leaving a net income of $23,262.40 Cap rate of 7.3% at full asking price. 24-48 hours notice required for all showings. 3 of the 4 apartment available to be shown prior to offer.\r\rDIRECTIONS: \t Bridge Street West to Coleman Street. Turn North on Coleman and houses are on East side just before Catherine Street. #243 and #245. No sign on the property. Parking available in the parking lot to North of property.\r\r
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Listing provided by Point2 Agent on 11/09/2018

Listing Agent

Jason Wood

Jason Wood

ReMax Quinte LTD

Agent

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