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Last Updated : 41 Days ago
48 Alexander St, Belleville, Ontario,
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48 Alexander St, Belleville MLS Number: X9343998

Belleville, Hastings, ON, K8N 2H3

$4,490,000

Status: For Sale

  • 9+ Beds
  • 24 Baths
  • Property Type: Residential (Multiplex)
  • Property Taxes : $45164.63 (Tax Year:2024)
  • Listing Courtesy : Marino Locations Limited

48 Alexander St Property Description

24 unit residential apartment building available for the first time since 1986 on the north side of Alexander Street between Mt. Pleasant Rd. & Ann St. in central Belleville, ON. The building is nearly 96% occupied with only 1 unit currently vacant; 20 of the units are 2 bedroom (appx. 870 SF) and 4 of the units are 1 bedroom (aprx. 680 SF). There are approximately 30 parking space in total with each unit having 1 designated parking space with the remaining 6 parking spots being for visitors in addition to nearby street parking. The steel roof has has been repaired 3 years ago and remains in good condition with 20+ years of remaining life expected. There is a common laundry room facility paid for by the tenants using machines rented by the landlord at a cost of $200 per month. 7 water heaters are owned with 1 being rented from Reliance. Municipal taxes in 2024 were $45,164.63. Additional financial information including the revenues/expenses can be shared confidentiality with serious buyers only. The MLS system only permits a listing to include a maximum of 9 bedrooms and 9 kitchens, but please note that is not accurate since there are actually 44 bedrooms in total and 24 kitchens in total (1 per suite). Tours must be arranged in advance as the building is locked at all times & tenants may need to be notified in advance. This building produces excellent monthly revenue, which can be increased every year in accordance with the residential tenancies act. There are also opportunities for cost savings on operational expenditures to significantly increase the net operating income & therefore the value of this property, making it an attractive investment opportunity at a reasonable price. Take advantage of the decreasing interest rates being offered by banks today!

48 Alexander St Property Facts

Property Type :Residential
MLS Number :X9343998
Listing Type :Sale
Possession Date :
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Last Updated :20 Sep, 2024 (41 Days ago)
Source :TRREB
Area :Hastings
Postal Code : K8N 2H3
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48 Alexander St Property Price & Tax Insights

Price : $4,490,000
Property Taxes :$45164.63
Tax Year :2024

48 Alexander St, Belleville Property Details

Bedrooms :9 +
No. of Rooms :24
Air Conditioning :Other
Heating :Radiant
Place of Worship :No
Cross Street :Ann Street
Bathrooms :24
Fuel :Electric

Exterior Information

Exterior Finish :Brick
Parking Space :30
Basement :None
Garage :None

48 Alexander St, Belleville - Price History

2024-09

11 Sep, 2024

TREB #X9343998

Listed

$4490000.0

  • 0
  • 400k
  • 800k
  • 1.2M
  • 1.6M
  • 2M+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+

48 Alexander St - Location Map and Landmarks

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FAQs: 48 Alexander St, Belleville

  • Q: Does this Project 48 Alexander St available for Sale ?

    A: The project 48 Alexander St is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 48 Alexander St is Offering?

    A:Square Yards is giving a Cashback of $22,450 if you buy this property from us, however there are several key features offered by the 48 Alexander St. You get 9+ Beds with 24 Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Parking Space available in this 48 Alexander St?

    A: 48 Alexander St in Hastings offers a total of 30 parking spaces for residents.
  • Q:How many Beds & Baths available in 48 Alexander St, Hastings?

    A: 48 Alexander St, Hastings comes with 9+ Beds for maximum convenience and space. There are 24 baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Hastings, On?

    A:Hastings, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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