$1,895,000
( $128.41Per Sq Foot )
 $10,173 est/mo Sourced by Back At You

58 Elgin Street,Belleville, ON K8P 4B2

Belleville, ON K8P 4B2

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Description

58 and 60 Elgin Street, offered together at $1,895,000 per building. Two adjacent 12-unit buildings with 24 suites in all: 22 two-bedroom and 2 one-bedroom. 23 suites are occupied. The one-bedroom at 58-01 is vacant and in use as the seller's workshop. Net operating income on rents in place is $201,561 for the two buildings combined, a 5.3% cap rate at the combined price with substantial upside. Rents in place are below market. Tenants pay heat and hydro, and every suite is separately metered. Both buildings have new fire alarm systems, installed in 2023 and 2024 at a cost of about $100,000, with notifier communication to the Belleville Fire Department. Windows are about 90% replaced at 58 Elgin and about 70% at 60 Elgin, and all were flashed in 2025. 24 surface parking spaces. One superintendent covers both buildings. This property is to be sold with the adjacent 12-plex listing.

Details

MLS #X12945496
Listing TypeFor Sale
Sub-TypeResale
StatusPrice Change
Year0
Days On Site223
Listing Provided ByRe/Max Quinte Ltd. | X12945496 367401

Features

SQ Feet14,757
Acreage0.34

Interior

CoolingNo

Utilities

UtilitiesAvailable
SewerSanitary

Taxes

Tax Annual Amount28311.82
Tax Assessed Value763000
Tax TypeAnnual
Tax Legal DescriptionPt Lt 22-23, 38 Pl 63 Sidney Pt 1, 21R1702, Pt 2, 21R2494; Belleville; County of Hastings
Tax Year2025

Area Information

ProvinceON
CountyHastings
CityBelleville
Postal CodeK8P 4B2
AreaBelleville Ward
Listing VS Median (in K8P 4B2)
Price:
$1,895,000
low | high
Med:
$1,895,000
50% of Average
sqft:
14,757
low | high
Med:
14,930
48.831063224233% of Average
$ / sqft:
$128
low | high
Med:
$127
51.142232816845% of Average
On site:
223
low | high
Med:
223
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

TAMARA CULHAM

TAMARA CULHAM

Coldwell Banker The Real Estate Centre

 (705) 446-8995tamaraculham@gmail.com
ProvinceON
CountyHastings
CityBelleville
Postal CodeK8P 4B2
AreaBelleville Ward
Listing VS Median (in K8P 4B2)
Price:
$1,895,000
low | high
Med:
$1,895,000
50% of Average
sqft:
14,757
low | high
Med:
14,930
48.831063224233% of Average
$ / sqft:
$128
low | high
Med:
$127
51.142232816845% of Average
On site:
223
low | high
Med:
223
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.421M - $2.368M
sqft: 11,000 - 18,000
Nearby Listings Property ImageNearby Listings Details
60 Elgin Street Property Photo 1
$1,895,000
60 Elgin Street
Belleville, ON K8P 4B2
Listing Updated: November 9, 2026 at 6:24:33 PM PST