28 Sinclair Street
Belleville, Ontario K8P 3S6 $599,900
About The Property
$599,900
Attention investors. Fantastic legal triplex in convenient Belleville location, close to town & amenities. Mainly brick building offers 2 Two-bdrm units & 1 Three-bdrm unit. Building is metered separately & tenants pay their own hydro. Central furnace shares heating to all 3 units but mainly heated by electric baseboard, paid by tenants. Landlord pays gas & water/sewer. Property grosses $54,600 annually in rental income (projected based on market rent for one empty unit). Fantastic yard with lots of parking & detached dbl garage (currently used by Apt.C). Apt A is 2 lvls & tenant pays $1600/month plus hydro. Updated unit has 3 bdrms, 4pce. bath, full laundry, newer flooring & breaker panel (9 months remaining on 1 yr lease). Parking for 2 cars. Apt.B is an upper lvl, 2 bdrm, 1 bath with Cathedral ceiling, charming windows, washer/dryer & recently renovated. Unit is currently vacant for new landlord to choose tenant & set own rent. Projected rent would easily be $1700/month + hydro. Parking for 4 cars. Apt. C has great tenant that maintains the yard & has access to garage. Unit is stunning & well laid out. 2 bdrms, updated bath, newer kitchen, hdwd floors, newer windows, patio door & dedicated laundry. Tenant pays $1250 + hydro & has been in building since Dec 2020. Parking for 4 cars. Property grosses $54,600 annually and expenses are approximately $8,847 for a net operating income of $46,211/annually. At these numbers, this lucrative investment property provides an incredible 7.7% cap rate. Landlord pays: water/sewer & natural gas. Landlord owns both HWTs (2 tanks). Updates in electrical & plumbing. Furnace 3yrs old. Solid numbers, excellent location & great condition. NOTE: TENANT IN UNIT A ($1600/MTH) IS PLANNING ON LEAVING END JUNE, LEAVING ABILITY FOR NEW OWNER TO SET THEIR OWN RENT. PROJECTED RENT FOR THIS 3 BED UNIT IS APPROX. $2000/MTH. THIS INCREASE IN AMOUNT IS NOT TAKEN INTO ACOOUNT FOR FINANCIAL NUMBERS AND WILL IMPROVE NOI TO OVER 50K ANNUALLY. (id:49284)
| MLS® Number | 40258144 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Marina, Place Of Worship, Playground, Schools, Shopping |
| Community Features | Community Centre, School Bus |
| Equipment Type | None |
| Features | Golf Course/parkland, Paved Driveway, Crushed Stone Driveway |
| Parking Space Total | 12 |
| Rental Equipment Type | None |
| Structure | Shed |
| Bathroom Total | 3 |
| Bedrooms Total | 7 |
| Appliances | Microwave Built-in |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Fireplace Present | No |
| Fixture | Ceiling Fans |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 2800 |
| Type | Triplex |
| Utility Water | Municipal Water |
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Golf Nearby, Hospital, Marina, Place Of Worship, Playground, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 96 Ft |
| Size Frontage | 67 Ft |
| Size Irregular | 0.147 |
| Size Total | 0.147 Ac|under 1/2 Acre |
| Size Total Text | 0.147 Ac|under 1/2 Acre |
| Zoning Description | R4 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
- Amenities Near By
- Golf Nearby, Hospital, Marina, Place Of Worship, Playground, Schools, Shopping
- Community Features
- Community Centre, School Bus
- Equipment Type
- None
- Features
- Golf Course/parkland, Paved Driveway, Crushed Stone Driveway
- Parking Space Total
- 12
- Rental Equipment Type
- None
- Structure
- Shed
Map/Location
Book an Appointment
Jason Ballas
Salesperson
(613) 394-4837
(613) 394-2897
(800) 263-2177
Royal LePage Proalliance Realty, Brokerage253 Dundas Street East, Unit B
Trenton, Ontario K8V 1N1
(613) 394-4837
(613) 394-2897
www.discoverroyallepage.com
Rochelle Ballas
Salesperson
(613) 243-8959
(613) 394-2897
Royal LePage Proalliance Realty, Brokerage253 Dundas Street East
Trenton, Ontario K8V 1M1
(613) 394-4837
(613) 394-2897
www.discoverroyallepage.com
Let’s Get Moving
Once you have determined that you are ready to move forward with the required effort towards your home-purchasing goal, the rewards are unquestionable.
Ready to Buy or Sell? Let’s Talk Today
Terms of Use Agreement
Terms of Use
This website is operated by Ricardo Melendro, a REALTOR® who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Ricardo Melendro, and CREA.
Copyright
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.
Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.
Amendments
Ricardo Melendro may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.