Promote Realty

Nearby realtors & realty services

Summa Property Management Inc.
3089 bathurst Street suite 218

Realestate Company

02/23/2022

Off Market duplex Belleville Turnkey
FOR SALE: LEGAL DUPLEX HOUSE
Russell Street, Belleville, Ontario
$650,000 or Best offer (Assignment fee included)

CLOSING: 27th April 2022

Suit A – 2 Bed 1 bath Suite B - 1 Bed 1 bath SuiteA rent - $1600 all in Suite B rent - $1800 all in

Details:
This property is a legal duplex house with 2 bed with 1 bath and 1 bed with 1 bath( market rent).
Lot size 66.99 x 133 ft
House is appx 2000 sq ft, No garage but can park 4 vehicles.
Basement is cellar and roof is 2 years old.
Huge lot in the back, future potential to add garden suite
The buyer is to assume tenants. Sight unseen offers preferred.

Photos Link
https://drive.google.com/drive/folders/1QDFnpX4oE6SQD7VzS82RB2zhX4S56c4q?usp=sharing

Facilities near the property:
Belleville general hospital is 4 mins drive
Belleville bus station 7 mins walk
School is 4 mins drive

Financial Analysis:
Expense(Annual):
Property Tax - $2800 Insurance - $1150 Utilities - $ 3600

Rent Analysis:
Current Rent: $1600/month (Suite A-2 bed) & $1800/month(suite B-1 bed) Potential Rent: $1800-1900/month (2 bed) & $1100-1200/month (1 bed)

Comparable:
291 Foster Avenue, Belleville, its Single family house sold for $665K in Dec 2021(similar lot size)
200 Victoria Avenue, Belleville, its Single family house sold for $635K in Jan 2022(small lot)
230 dufferin Avenue, Belleville, sold for $788,300 in Feb 2022 (smaller lot)

Contact Information:
Email: [email protected] Phone:289-624-6462
Thank you for taking time to view this package

Arun Kirupa
Promote Realty Deals