58 Elgin Street, Belleville, Ontario K8P 4B2

Listed for:
$2,087,500
0 beds
0 baths
Listed Today
Multi-Family for rent: 58 Elgin Street, Belleville, Ontario K8P 4B2

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About

Cross Streets: West Moira. ** Directions: West Moira to Elgin Street. 58 & 60 Elgin Street at $2,087,500 each. Each building consists of 11 two bedroom and 1 one bedroom units, for a total of 24 units.As of Feb.01/26 there are 2 vacancies consisting of 1 two bedroom newly renovated and 1 one bedroom (58-01) which is currently used as a workshop/office.As of the Feb. 2026 rent roll the current monthly income is $25,030. (-potential income fully rented at current market rents would be an additional $2675. For a total of $27,705.).Primary expenses: - Property Taxes $6624. Utilities (water & hydro) 2024 $24,255. 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 (id:27476)

Property Highlights

MLS® Number
X12945496
Type
Multi-family
Community Name
Belleville Ward
Land Size
102.36 x 137.51 FT

Building

Building Type
Multi-Family
Square Footage
14757 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Baseboard heaters
Heating Fuel
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RE/MAX QUINTE LTD.
MLS® number:
X12945496
Agent:
Sean Mckinney
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