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$ 499,000
Est. payment /mo
New
190 Bridge ST E Belleville, ON K8N 1N4
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Belleville Ward
MLS Listing ID X12428014
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,737
Tax Year 2025
Property Sub-Type Fourplex
Property Description
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 character, while the generously sized principal rooms provide tenants with comfort and style not often found in modern apartments. The exterior is equally inviting, featuring a wrought-iron fence, mature trees, and lush gardens that enhance its curb appeal. A private fenced stone courtyard offers a tranquil shared outdoor space for tenants to relax and enjoy. Combining historic charm with income potential, this property is a rare opportunity for investors seeking an attractive asset with a reasonable buy-in value and considerable upside. Two paved driveways provide parking for 6 vehicles, plus a detached 1-car garage. The building has five hydro meters. Home inspection available. Offers will be presented on October 8th.
Location
State ON
County Hastings
Community Belleville Ward
Area Hastings
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Year Round Living
Parking Features Private Double
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 66.0
Lot Depth 132.0
Total Parking Spaces 7
Building
Building Age 100+
Foundation Stone
Others
Virtual Tour https://unbranded.youriguide.com/190_bridge_st_e_belleville_on/
Listed by GORDON`S DOWNSIZING & ESTATE SERVICES LTD.
