$2,585,000.00
.38 acres
FOR SALE
Share

104 Cannifton Road,

Belleville

ON, K8N 4V3

MLS®

 40615005
Description

16-unit apartment building for sale listed at a 5.9% cap rate.

The property is well located in close proximity to Belleville's downtown and has easy highway 401 access.

Some apartments have been renovated on unit turnover and building common areas updated.

The building's rent roll has close to 30% in upside to market rents.

Current annual net operating income is $150,779 per year with future upside in rents still to capture.

Environmental Opinion Letter regarding the sites environmental condition is available.

Price
$2,585,000.00
Specification
Property size:
.38 acres
Units:
16
Zoning:
C2
Parking:
16+/- Spots
Bedrooms:
16
Total Floors:
4
Features
Near Downtown
Near Hospital
Near Highway 401
DAVID
David Worsley
Sales Representative
613-384-1997
613-453-5436
I am interested in: 104 Cannifton Road
Name *
Email *
Phone *
Are you currently under contract with a REALTOR®?
Message *

Similar Properties

70 Johnson Street
FOR SALE
70 Johnson Street
Kingston
$1,495,000.00
3090 sq ft
41 Dundas Street East
FOR SALE
41 Dundas Street East
Napanee
$1,325,000.00
3470 sq ft
3250 Creekford Road
FOR SALE
3250 Creekford Road
Kingston
$1,850,000.00
42 ac