58 Elgin Street Belleville, Ontario K8P 4B2

14,757 ft2
None Baseboard Heaters

$2,087,500

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 $28,311.82 Insurance $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:51158)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X12945496
Property Type Multi-family
Community Name Belleville Ward
Features Irregular Lot Size

Building

Age 31 To 50 Years
Appliances Dryer, Water Heater, Two Washers
Cooling Type None
Heating Type Baseboard Heaters
Size Interior 14,757 Ft2
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 137 Ft ,6 In
Size Frontage 102 Ft ,4 In
Size Irregular 102.36 X 137.51 Ft
Size Total Text 102.36 X 137.51 Ft
Zoning Description R6

https://www.realtor.ca/real-estate/29543915/58-elgin-street-belleville-belleville-ward-belleville-ward

Contact Us

Contact us for more information

Your Favourites

 

No Favourites Found

 

Get Priority Access

Be the First to Access to Reduced, Bank Owned, Must Sell, Bank foreclosures, Estate Sales, probate, coming soon  and Off-Market Homes For Sales.