28 Sinclair Street

Belleville, Ontario K8P 3S6 $599,900


LOADING

About The Property

7 Bedroom 3 Bathroom 2800
None Baseboard Heaters, Forced Air

$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)

Property Summary
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
Building
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
Land
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
Neigbourhood Features
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

www.jasonballas.com


Royal LePage Proalliance Realty, Brokerage
253 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, Brokerage
253 Dundas Street East
Trenton, Ontario K8V 1M1

(613) 394-4837
(613) 394-2897
www.discoverroyallepage.com


All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. Not intended to solicit buyers or sellers, landlords or tenants currently under contract. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial offers.
concept housing a young family. Mother father and child in new house with a roof at a home

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

Let’s Talk Today. 613-920-0092